Question: Bob Brain files a single tax return and decides to itemize his deductions. Bob's income for the year consists of $75,300 of salary, $2,850 long-term
Bob Brain files a single tax return and decides to itemize his deductions. Bob's income for the year consists of $75,300 of salary, $2,850 long-term capital gain, and $1,650 interest income. Bob's expenses for the year consist of $770 in investment advice fees and $235 in tax return preparation fees. What is Bob's investment expense deduction?
A) $0
B) $770
C) $235
D) $1,005
E) None of these
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