Compute the amount of her deduction for investment


Question: In 2023, Kathleen Tweardy incurs $30,000 of interest expense related to her investments. Her investment income includes $7,500 of interest, $6,000 of qualified dividends, and a $12,000 net capital gain on the sale of securities. Kathleen asks you to compute the amount of her deduction for investment interest, taking into consideration any options she might have.

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Accounting Basics: Compute the amount of her deduction for investment
Reference No:- TGS03425769

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