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Jane, an investor, has the following items related to her investments during the current tax year: Investment interest expense $4000 Interest and short-term capital gains
Jane, an investor, has the following items related to her investments during the current tax year:
Investment interest expense $4000
Interest and short-term capital gains $3500
Investment adviser's fees $1750
AGI $50,000
What is Jane's maximum allowable investment interest expense deduction for the current year?
a. $1750 b. $2250 c. $2750 d. $4000
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