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for the current year? Investment Interest. (Obj. 4) In 2014, the Edlins borrowed money to purchase stocks and with this loan. Their investment income for

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for the current year? Investment Interest. (Obj. 4) In 2014, the Edlins borrowed money to purchase stocks and with this loan. Their investment income for 2018 consists of $5,000 of qualified dividend taxable corporate bonds. During 2018, the Edlins paid $11,900 of interest in conjunction income, $2,400 of taxable interest income, and $3,300 of net capital gain. How much of the $11,900 can the Edlins deduct on their 2018 Schedule A? Be sure to discuss all options available to the Edlins

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