Chapter 7 Homework Assignment i Saved Help Save & Exit Submit Check my work 13 Part 1 of 2 Required information Problem 7-56 (LO 7-3) (Algo) [The following information applies to the questions displayed below.) 1.11 points Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $3,800 in investment expenses. They also incur $6,000 of investment interest expense during the year. The Porters' income for the year consists of $186,000 in salary and $5,020 of interest income. eBook Problem 7-56 Part-a (Algo) Print a. What is the amount of the Porters' investment interest expense deduction for the year? RE References Investment interest expense deduction Chapter 7 Homework Assignment i Saved Help Save & Exit Submit Check my work 14 Part 2 of 2 Required information Problem 7-56 (LO 7-3) (Algo) [The following information applies to the questions displayed below.) 1.11 points Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $3,800 in investment expenses. They also incur $6,000 of investment interest expense during the year. The Porters' income for the year consists of $186,000 in salary and $5,020 of interest income. eBook Problem 7-56 Part-b (Algo) Print b. What would their investment interest expense deduction be if they also had a ($2,840) long-term capital loss? References Investment interest expense deduction