Investment interest expense does not include:
A)interest expense from loans to purchase municipal bonds.
B)interest expense from loans to purchase corporate bonds.
C)interest expense from loans to purchase stocks.
D)interest expense from loans to purchase U.S. savings bonds and interest expense from loans to purchase corporate bonds.
E)interest expense from loans to purchase corporate bonds and interest expense from loans to purchase stocks.

Question

Quizplus · Accepted Answer

Interest expense from loans to purchase municipal bonds is tax-exempt and therefore not included in investment interest expense.

Investment Interest Expense Does Not Include