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Business, 19.05.2020 20:57 shayravirgen30

Troy's financial records for the year reflect the following: Interest income from bank savings account $900 Taxable annuity receipts $1,800 City ad valorem property tax on investments $125 Investment interest expense $3,200 Calculate Troy's net investment income and his current investment interest deduction. How is any potential excess investment interest deduction treated? Troy's net investment income is $ and his investment interest deduction is $ . Any potential excess investment interest expense not deducted this year is .

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