Maximum amount of investment interest expense deduction, Accounting Basics

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Maximum amount of investment interest expense deduction

Ramon incurred $83,100 of interest expense related to his investments in 2011. His investment illcome included $34,500 of interest and a $37,500 net capital gain on the sale of securities. What is the maximum amount of Ramon's investment interest expense deduction in 2011?

a. $19,500.

b. $34,500.

c. $72,000.

d. $83,100.

e. None of the above.

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Accounting Basics: Maximum amount of investment interest expense deduction

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Accounting Basics: Maximum amount of investment interest expense deduction

Reference No:- TGS062647

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Accounting Basics: Maximum amount of investment interest expense deduction

Reference No:- TGS062647

Recent Questions Asked Accounting Basics

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