For the year ended December 31,2014,Sheniqua,a single professional,reported the following: Net investment income from interest,$14,000
Other expenses unrelated to the generation of interest,$6,000
Investment interest expense on funds borrowed in 2013 to purchase stocks and bonds,$15,000
What is the maximum amount that Sheniqua can deduct in 2014 as investment interest expense?
A)$ 6,000.
B)$ 8,000.
C)$14,000.
D)$15,000.

Question

Quizplus · Accepted Answer

The maximum amount Sheniqua can deduct as investment interest expense is limited to her net investment income, which is $14,000.

For the Year Ended December 31,2014,Sheniqua,a Single Professional,reported the Following