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2 Question 2 (1 point) Matilda Morse incurs interest expense on loans used to purchase investments producing taxable income. The amount of the interest expense
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Question 2 (1 point) Matilda Morse incurs interest expense on loans used to purchase investments producing taxable income. The amount of the interest expense is $4,000 and the amount of her investment income is $3,500 (none of this investment income qualifies for a reduced tax rate). What is her allowable deduction for investment interest expense for 2019? SEE CHAPTER 10 NOTES Do not use dollar signs. Do not use commas Step by Step Solution
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