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Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $ 3 , 6 5 0 in investment expenses.
Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $ in investment expenses. They also incur $ of investment interest expense during the year. The Porters' income for the year consists of $ in salary and $ of interest income.
Problem Partb Algo
b What would their investment interest expense deduction be if they also had a $ longterm capital loss?
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