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For the year ended December 31, 2020, Terrance, a single professional, reported the following: Net Investment Income from interest, $14,000 Other expenses unrelated to the

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For the year ended December 31, 2020, Terrance, a single professional, reported the following: Net Investment Income from interest, $14,000 Other expenses unrelated to the generation of interest. $6,000 Investment interest expense on funds borrowed in 2019 to purchase stocks and bonds $15,000 -3 What is the maximum amount that Terrance can deduct in 2020 as investment interest expense? Multiple Choice $6,000 $8.000 $14,000. $15.000

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