Brandon and Jane Forte file a joint tax return and decide to itemize their deductions. The Forte's income for the year consists of $119,400 in salary, $700 interest income, $1,200 nonqualifying dividends, and $700 long-term capital gains. The Forte's expenses for the year consist of $2,700 investment interest expense and $840 tax preparation fees. Assuming that the Forte's marginal tax rate is 30% and they make no special elections, what is the amount of investment interest expense deduction for the year?

Multiple Choice

Zero.

$700.

$1,900.

$2,700.

None of the choices are correct.