Activities which are profit-motivated, but do NOT require a relatively high level of involvement from the taxpayer are referred to as investmentactivities. Which of the following statements is NOT accurate regarding the deduction for qualified education loan interest? The full amount of interest paid on qualified educational loans is deductible.
A) Andrew volunteered for the American Red Cross
B) $1,500 charged to the credit card during the year
C) Mileage for the 200 miles he drove to the ravaged area
D) The cost of lodging while he is volunteering
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