Business, 22.12.2020 02:20 christianfoster17

Chen incurred $ 58, 500 of interest expense this year related to his investments. His investment income includes $ 15,000 of interest,$ 9,000 of qualifted dividends, and a $ 22,500 net capital gain on the sale of securities. The maximum amount of Chen's Investinent interest expense deduction for the year is:. a. $ 16,000
b. $ 24,000
c. $ 37,500
d. $ 46,500
e. None of these

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Chen incurred $ 58, 500 of interest expense this year related to his investments. His investment inc...

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