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Business, 24.10.2019 21:43 loredobrooke5245

All of the following statements are true exceptselected answers: investment interest expense includes interest expense to purchase or carry tax-exempt securities. net investment income is the taxpayer's investment income in excess of investment expenses. short-term capital gains meet the definition of net investment income. investment interest expense is deductible to the extent of a taxpayer's net investment income.

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