Question: Juana borrowed $ 1 0 0 , 0 0 0 to acquire a parcel of land to be held for investment purposes and paid interest

Juana borrowed $100,000 to acquire a parcel of land to be held for investment purposes and paid interest of
$11,000 on the loan. She has AGI of $75,000 for the year. Other items related to Juana's investments include the
following:
a. Determine Juana's current investment interest deduction, assuming she does not make
any special election regarding the computation of investment income.
b. Discuss the treatment of Juana's investment interest that is disallowed in the current year.
c. What election could Juana make to increase the amount of her current investment interest
deduction? READDDDD THIS AS WELL (To calculate the deductible amount of investment interest, start by subtracting any expenses related to the investment property from the total investment income. Then, you can determine the portion of the investment interest that is eligible for deduction.)
Juana borrowed $100,000 to acquire a parcel of land to be

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