Investment expenses treated as miscellaneous itemized deductions do not include:

expenses incurred to generate tax-exempt income

investment interest expense

expenses for investment advice

expenses incurred to generate tax-exempt income and investment interest expense

investment interest expense and expenses for investment advice

Ms. Fresh bought 1,000 shares of Ibis Corporation stock for $5,000 on January 15, 2013. On December 31, 2015 she sold all 1,000 shares of her Ibis stock for $4,500. Based on a hot tip from her friend, she bought 1,000 shares of Ibis stock on January 23, 2016 for $3,000. What is Ms. Fresh's recognized loss on her 2015 sale and what is her basis in her 1,000 shares purchased in 2016?

$-0- LTCL and $3,500 basis

$200 LTCL and $3,300 basis

$300 LTCL and $3,200 basis

$400 LTCL and $3,100 basis

$500 LTCL and $3,000 basis

When calculating net investment income, gross investment income includes:

interest income

net short-term capital gains

non-qualified dividends

royalty income

All of these

Alain Mire files a single tax return and has adjusted gross income of $304,000. His net investment income is $53,000. What is the additional tax that Alain will pay on his net investment income for the year?

Zero

$2,014

$3,952

$1,938

None of these