a. What is the amount of the annual limitation placed on the deductibility of investment interest expense?

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a. What is the amount of the annual limitation placed on the deductibility of investment interest expense?
b. Explain how net investment income is calculated.
c. Is any disallowed interest expense for the year allowable as a deduction in another year? If so, when?

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Federal Taxation 2018 Comprehensive

ISBN: 9780134532387

31st Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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