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Required information Problem 7.56 (LO 7.3) (Algo) [The following information applies to the questions displayed below] Mickey and Jenny Porter file a joint tax return,

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Required information Problem 7.56 (LO 7.3) (Algo) [The following information applies to the questions displayed below] 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. Problem 7-56 Part-b (Algo) b. What wouid their investment interest expense deduction be if they also had a ($2,035) long-term capital loss

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