Question:Why is interest paid by the borrower deductible on their tax return? 

A Because interest paid represents the cost of having a loan and is an expense to the borrower 
B Because it is revenue to the lender and should be income as well to the borrower 
C Because it is unfair for the borrower to have this deduction 
D Because the SEC requires it 

+ Answer
A 

+ Explanation
Answer not sure

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Md. Habib Ullah

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