Question: Please answer nprogress=false eBook Print Item Exercise 11-33 (Algorithmic) (LO. 10) Troy's financial records for the year reflect the following: Interest income from bank savings

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nprogress=false eBook Print Item Exercise 11-33 (Algorithmic) (LO. 10) Troy's financial records for the year reflect the following: Interest income from bank savings account $1,240 Taxable annuity receipts 2,480 City ad valorem property tax on investments 186 Investment interest expense 4,340 Calculate Troy's net investment income and his current investment interest deduction. How is a deduction for any potential excess investment interest treated? Troy's net investment income is $ and his investment interest deduction is $ Any potential excess investment interest expense not deducted this year is

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