Phuong has the following sources of investment income:Money market account interest$2,000Interest on State of New York bond1,000Dividends from domestic stocks3,000Long-term capital gain4,000Short-term capital gain5,000Barring any special elections, how much of the investment income will be included in calculating net investment income for purposes of the investment interest expense limitation?
A. $5,000
B. $7,000
C. $15,000
D. $2,000
Answer: B
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