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* 50. Clint is a taxpayer residing in California. He is considering the deductibility of his investment expenses. Here are the details of his situation:
* 50. Clint is a taxpayer residing in California. He is considering the deductibility of his investment expenses. Here are the details of his situation: * Clint incurred investment advisory fees amounting to $5,000. * He also had other investment-related expenses totaling $2,000. * His net investment income for the tax year is $8,000. * He did not generate any net capital gains from the disposition of investment property
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