During the year,Eric earned investment income of $20,000,incurred investment interest expense of $12,500,and incurred other investment expenses of $9,000.Eric may deduct $12,500 of investment interest this year.

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The Answer of During the year,Eric earned investment income of $20,000,incurred investment interest expense of $12,500,and incurred other investment expenses of $9,000.Eric may deduct $12,500 of investment interest this year.

During the Year,Eric Earned Investment Income of $20,000,incurred Investment Interest