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John Holds a Taxable Bond and a Municipal Bond

Question 23

Multiple Choice
John holds a taxable bond and a municipal bond. Which are considered part of John's deductible investment interest expense?

John holds a taxable bond and a municipal bond. Which are considered part of John's deductible investment interest expense?


A) Attorney and accounting fees on municipal bond.
B) Safe deposit box rental fees on taxable bond.
C) Interest expense on taxable bond.
D) Interest expense on municipal bond.
E) Interest expense on municipal bond and interest expense on taxable bond.

Correct Answer:

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