a. What is the amount of the annual limitation placed on the deductibility of investment interest expense?
Question:
b. Explain how net investment income is calculated.
c. Is any disallowed interest expense for the year allowable as a deduction in another year? If so, when?
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a The deduction for investment interest expense is limited to the taxpayers net investment income fo...View the full answer
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Related Book For 
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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