Toblas has a brokerage account and buys on the margin, which resulted in an interest expense of $31,600 during the year. Income generated through the brokerage account was as follows: If required, round any division to two decimal places and use in subsoquent computations. Round your final answer to the nearest dollar. How much investment Interest can Tobios deduct? x Fredback 7 Crieck My Work: Certain income, such os interest on municipal bonds, is tax-exempt, Normally, the law also allows the taxpayer to deduct expenses incu for the production of income