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Which of these is considered investment income for the purpose of calculating the deductible investment interest expense? The taxpayer has not made any special election
Which of these is considered investment income for the purpose of calculating the deductible investment interest expense? The taxpayer has not made any special election relating to this deduction.
a - Corporate bond interest.
b - Long-term capital gain income from the sale of stock.
c - Qualified dividends.
d - Tax-exempt interest from a municipal bond.
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