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03-01-2023
Business

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carol has investment interest expenses of $11,000 from her margin account. she had municipal bond interest income of $6,000, corporate bond interest income of $5,000, and qualified dividends of $2,000. she will not forgo the 15% tax rate on the qualified dividends. what is her investment interest expense deduction? a) $7,000 b) $5,000 c) $13,000 d) $11,000

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