What is the amount of the investment interest expense deduct

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Dug and Sue Click file a joint tax return and decide to itemize their deductions. The Clicks' income for the year consist of $89,200 in salary, $1,600 interest income, and $720 long-term capital loss. Get the instant assignment help. The Clicks' for the year consist of $1,550 investment interest expense. Assuming that the Click's marginal tax rate is 35 percent, what is the amount of the investment interest expense deduction for the year?

Reference no: EM133928363

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