Barring 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?
Phuong has the following sources of investment income:
A) $2,000
B) $7,000
C) $5,000
D) $15,000
B) $7,000
Only the money market account interest and the short-term capital gain will be included.
Business
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