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ickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $2,525 in investment expenses. They also incur $3,875 of
ickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $2,525 in investment expenses. They also incur $3,875 of investment interest expense during the year. The Porters' income for the year consists of $160,500 in salary and $3,235 of interest income
What would their investment interest expense deduction be if they also had a ($2,245) long-term capital loss?
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