Business, 11.11.2020 18:10 gorillalover9000

Troy's financial records for the year reflect the following: Interest income from bank savings account $1,440 Taxable annuity receipts 2,880 City ad valorem property tax on investments 216 Investment interest expense 5,040 Calculate Troy's net investment income and his current investment interest deduction. How is a deduction for any potential excess investment interest treated?Troy's net investment income is $and his investment interest deduction is $investment interest expense not deducted this year is.

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Troy's financial records for the year reflect the following: Interest income from bank savings accou...

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