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47. LO6 Ying pays $300 of investment interest expense and provides investment advice. The interest is not directly related to any particular investment owned by

47. LO6 Ying pays $300 of investment interest expense and provides investment advice. The interest is not directly related to any particular investment owned by Ying. She owns $40,000 worth of municipal bonds that pay her $2,400 in interest and $20,000 worth of bonds that pay her taxable interest of $2,000. What is the proper tax treatment of the interest paid of $300 fee?

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