Benjamin is an active investor in stocks and bonds. During the current tax year he earned interest and dividend income totalling $18,000. He frequently borrows money to purchase his investments and this year Benjamin paid investment interest of $14,000. His only other investment expense during the year was $5,000 paid to a professional investment advisor. How much of the investment interest expense can be deducted on Benjamin's tax return this year as an itemized deduction?

$ 0

$ 9,000

$13,000

$14,000