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Ans: The amount that porter investment interest expense deductible for the year will be $2,500
In the current situation, Net investment interest expense is $2500 . Interest expense is deductible to the extent of investment income. Thus out of the total interest expense of 3000 , the net investment interest income of $2,500 will be deducted in the current year and (3000-2500) i.e 500 will be carried forward to the next year
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2355
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1120
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2355
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