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What is the amount of the porters investment interest

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Question - Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $3,500 in investment expenses. They also incur $5,500 of investment interest expense during the year. The Porters' income for the year consists of $180,000 in salary and $4,600 of interest income.

Required - What is the amount of the Porters' investment interest expense deduction for the year?

Reference no: EM132550373

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