obias has a brokerage account and buys on the margin, which resulted in an interest...
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Accounting
obias has a brokerage account and buys on the margin, which resulted in an interest expense of $ during the year. Income generated through the brokerage account was as follows:
Municipal interest $
Taxable dividends and interest
In your computations, do not round any division and use in subsequent computations.
How much investment interest can Tobias deduct?
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