No deduction is allowed for the portion of the taxpayer’s interest expense that is allocable to unborrowed policy cash values. The portion that is allocable to unborrowed policy cash values is an ...
Meriç Algün Ringborg, “The Library of Unborrowed Books” (2013), installation view at Art in General (all photos by the author for Hyperallergic) What is the fate of a library book that never gets ...