Question: Ms . Reid borrowed $ 4 4 , 0 0 0 from a broker to purchase Lero, Incorporated common stock. This year, she paid $

Ms. Reid borrowed $44,000 from a broker to purchase Lero, Incorporated common stock. This year, she paid $3,300 interest on the debt.
Required:
Compute her itemized deduction for this interest if the Lero stock paid a $1,000 dividend this year, and Ms. Reid had no other investment income.
Compute her itemized deduction for this interest if Ms. Reids only investment income was $600 interest on a certificate of deposit.
Compute her itemized deduction for this interest if Ms. Reids only investment income was a $4,300 ordinary dividend from her investment in Koal Mutual Fund.

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