Takesha paid $13,000 of investment interest expense in a year in which she earned $4,500 in dividends, $5,400 in interest income, and had a short- term capital gain of $1,000 and a long- term capital gain of $2,200. The capital gains resulted from the sale of stock held as an investment. She has no other investment- related expenses. What is her maximum deduction for investment interest expense, assuming Takesha does not make any elections?

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The Answer of Takesha paid $13,000 of investment interest expense in a year in which she earned $4,500 in dividends, $5,400 in interest income, and had a short- term capital gain of $1,000 and a long- term capital gain of $2,200. The capital gains resulted from the sale of stock held as an investment. She has no other investment- related expenses. What is her maximum deduction for investment interest expense, assuming Takesha does not make any elections?

Takesha Paid $13,000 of Investment Interest Expense in a Year