For the Year Ended December 31, 2014, David, a Married

For the year ended December 31, 2014, David, a married taxpayer filing a joint return, reported the following: What is the maximum amount that David can deduct in 2014 as investment interest expense?

A) $7,000
B) $20,000
C) $21,000
D) $24,000
E) None of the above