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Which of the following statements about investment interest expense is true? A) The interest is allowed as an above-the-line deduction. B) The interest is allowed

Which of the following statements about investment interest expense is true? A) The interest is allowed as an above-the-line deduction. B) The interest is allowed as a miscellaneous itemized deduction. C) Nondeductible interest carries forward into future years. D) The interest is deductible to the extent of the individual's gross investment income.

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