During the current year, David earned investment income of $20,000.In addition, he incurred investment interest expense of $12,000 and other investment expenses of $9,000.David can deduct $12,000 of investment interest expense for this year.

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The Answer of During the current year, David earned investment income of $20,000.In addition, he incurred investment interest expense of $12,000 and other investment expenses of $9,000.David can deduct $12,000 of investment interest expense for this year.

During the Current Year, David Earned Investment Income of $20,000