Question - Laurie has a brokerage account at Dean Schwab, Inc. She makes investments on margin through this account. During the current year, she incurs $10,000 in margin interest in the account. Income generated through the brokerage account was
Corporate bond interest: $30,000
Municipal bond interest: $20,000
What is the amount of Laurie's deductible investment interest?
A) $6,000
B) $4,000
C) $10,000
D) $-0-