9. Investment expenses are the taxpayers allowed deductions directly connected with the production of investment...
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9. Investment expenses are the taxpayers allowed deductions directly connected with the production of investment income. With regards to the Tax Cuts and Jobs Act, investment expenses that a taxpayer can deduct on his or her California income tax return for tax year 2018 include all of the following except: A. Investment interest expense B. Depreciation allowed on assets that produce investment income C. Depletion allowed on assets that produce investment income D. Software or online services used to manage the taxpayers investments
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