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Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $2,075 in investment expenses. They also incur $3,125 of
Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $2,075 in investment expenses. They also incur $3,125 of investment interest expense during the year. The Porters income for the year consists of $151,500 in salary and $2,605 of interest income.
What would their investment interest expense deduction be if they also had a ($2,035) long-term capital loss?
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