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Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $3,425 in employment-related miscellaneous itemized deductions. They also incur $5,375 of investment interest expense during the year. The Porters' income for the year consists of $178,500 in salary and $4,495 of interest income. What is the amount of Porters' investment interest expense deduction for the year?
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Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $3,4...
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