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A taxpayer generated $100,000 of interest income and a $40,000 realized capital gain this year. This taxpayer incurred stock brokerage fees of $2000 and investment

A taxpayer generated $100,000 of interest income and a $40,000 realized capital gain this year. This taxpayer incurred stock brokerage fees of $2000 and investment interest expense of $160,000. What are the tax consequences of these events to this taxpayer?

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