Brandon and Jane Forte file a joint tax return and decide to itemize their deductions. The Forte's income for the year consists of $120,300 in salary, $1,150 interest income, $1,650 nonqualifying dividends, and $1,300 long-term capital gains. The Forte's expenses for the year consist of $3,150 investment interest expense and $930 tax preparation fees. Assuming that the Forte's marginal tax rate is 30%, what is the amount of investment interest expense deduction for the year?

Zero; investment interest expense is below two percent of AGI.

$1,300

$2,800

$3,150

None of these