0 Required information The following information applies to the questions displayed below. Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $2,525 in investment expenses. They also incur $3,875 of investment interest expense during the year. The Porters' income for the year consists of $160,500 in salary, and $3,235 of interest income. a. What is the amount of the Porters' investment interest expense deduction for the year? Investment interest expense deduction Required information The following information applies to the questions displayed below. Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $2,525 in investment expenses. They also incur $3,875 of investment interest expense during the year. The Porters' income for the year consists of $160,500 in salary, and $3,235 of interest income. b. What would their investment interest expense deduction be i also had a ($2,245) long-term capital loss? Investment interest expense deduction of 17EI Next Prev