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Required information [ The following information applies to the questions displayed below. ] Mickey and Jenny Porter file a joint tax return, and they itemize
Required information
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 $ 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.
a What is the amount of the Porters' investment interest expense deduction for the year?
Investment interest expense deduction
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