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QUESTION 29 Gabby has investment interest expense of $5,000. She has the following income related to her investment loans: taxable interest income $3,000 and tax-exempt

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QUESTION 29 Gabby has investment interest expense of $5,000. She has the following income related to her investment loans: taxable interest income $3,000 and tax-exempt interest income $4,000. How much investment interest expense can she deduct this year as an itemized deduction? $5,000 $4,000 $3,000 $7,000

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