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Ch 14 Required information Part 1 of 2 The following information applies to the questions displayed below Mickey and Jenny Porter file a joint tax

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Ch 14 Required information Part 1 of 2 The following information applies to the questions displayed below Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $2,900 in investment expenses. They also incur $4,500 of investment interest expense during the year. The Porters' income for the year consists of $168,000 in salary, and $3,760 of interest income. 5.55 points Skipped eBook a. What is the amount of the Porters' investment interest expense deduction for the year? References Investment interest expense deduction b. What would their investment interest expense deduction be if they also had a ($2,420) long-term capital loss? Investment interest expense deduction

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