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(A) what is the amount of the Porters investment interest expenses deduction for the year (B) what is their investment interest expenses deduction be if
(A) what is the amount of the Porters investment interest expenses deduction for the year (B) what is their investment interest expenses deduction be if they also had a(2875) long term capital loss
Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $3.875 in investment expenses. They also incur $6,125 of investment interest expense during the year. The Porters income for the year cons of $187,500 in salary, and $5,125 of interest incomeStep by Step Solution
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