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QUESTION 7 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

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QUESTION 7 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? $7,000 $3,000 55.000 $4,000

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