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Financial Planning / Tax Strategies


Subject:  Re: Investment Loan Expenses Date:  2/20/2002  10:17 PM
Author:  twputnam Number:  59170 of 127616


2/3 of the loan proceeds in fact went to purchase stocks. The remainder was used for personal items. Therfore, we have used 2/3 of the amortized loan costs and entered them along with 2/3 of the interest on on Schedule A , line 22 - subject to the 2% AGI limit.

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