Hannahmiller6300 Hannahmiller6300

21-10-2022
Business

Answered

for the year ended december 31, 2020, terrance, a single professional, reported the following: net investment income from taxable interest, $14,000 other expenses unrelated to the generation of interest, $6,000 investment interest expense on funds borrowed in 2018 to purchase stocks and bonds, $15,000 what is the maximum amount that terrance can deduct in 2019 as investment interest expense?

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