What is the maximum amount that jorge can deduct, Accounting Basics

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What is the maximum amount that jorge can deduct

for 2011 jorge a single father reported the following amounts relating to his investments
net investment income from interest 7,000
interest expense on a loan to purchase stocks 2,000
interest expense on funds borrowed in 2010 to
purchase land for investment 6,000
what is the maximum amount that jorge can deduct in 2011 as investment interest expense?

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Accounting Basics: What is the maximum amount that jorge can deduct

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Accounting Basics: What is the maximum amount that jorge can deduct

Reference No:- TGS060957

Recent Questions Asked Accounting Basics

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