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Exercise 6 - 3 2 ( L 0 . 3 ) Tobias has a brokerage account and buys on the margin, which resulted in an
Exercise L
Tobias has a brokerage account and buys on the margin, which resulted in an interest expense of $ during the year. Income
generated through the brokerage account was as follows:
In your computations, do not round any division and use in subsequent computations.
How much investment interest can Tobias deduct?
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