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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 deductions.
! 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 $2,900 in investment expenses. They also incur $4,500 of investment interest expense during the year. The Porters' income for the year consists of $168,000 in salary and $3,760 of interest income. b. What would their investment interest expense deduction be if they also had a ($2,420) long-term capital loss? Investment interest expense deduction
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