Brandon and Jane Forte file a joint tax retum and decide to itemize their deductions. The Fortes' income for the year consists of $$120,000$ in saliary, $$1,000$ interest income, $$1,500$

nonqualifying dividends, and $$1,100$ long$-$term capttal gains. The Fortes" expenses for the year conslst of $$3,000$ in investment interest expense and $$900$ in tax preparation fiees.

Assuming that the Fonts" marginal tax rate is $32$ percent and they make no special elections, what is the amount of investment interest expense deduction for the year?

Multiple Cholce

$$0$

$$1,000$

$$2,500$

$$3,000$

None of the cholces are correct