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In 2020, Mike, a single parent, reported the following amounts relating to his investments: Interest investment income $7,000 Interest expense on a loan to purchase stocks 2,000 Interest expense on funds borrowed to purchase land for investment 6,000 What is the maximum amount that Mike could deduct in 2020 as investment interest expense
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In 2020, Mike, a single parent, reported the following amounts relating to his investments: Interest...
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