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Cory, a college professor, incurred and paid the following expenses in 2023: Tax return preparation fee $ 600 Moving expenses 2,000 Investment expenses 500 Expenses
Cory, a college professor, incurred and paid the following expenses in 2023: Tax return preparation fee $ 600 Moving expenses 2,000 Investment expenses 500 Expenses associated with rental property 1,500 Interest expense associated with loan to finance tax-exempt bonds 400 Calculate the amount that Cory can deduct (before any percentage limitations). a. $4,600. b. $1,500. c. $3,000. d. $5,000
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