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

Question

Quizplus · Accepted Answer

The maximum amount of investment interest expense that David can deduct in the current year is limited to his net investment income, which is $21,000. This limit is calculated on Form 4952. Therefore, the correct answer is C, $21,000.

For the Current Tax Year,David,a Married Taxpayer Filing a Joint