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Bob Brain files a single tax return and decides to itemize his deductions. Bob's income for the year consists of $75,200 of salary, $2,900 long-term
Bob Brain files a single tax return and decides to itemize his deductions. Bob's income for the year consists of $75,200 of salary, $2,900 long-term capital gain, and $1,600 interest income. Bob's expenses for the year consists of $780 investment advice fees and $240 tax return preparation fees. What is Bob's investment expense deduction?
Multiple Choice
Zero.
780.
240.
1,020.
None of the choices are correct.
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