tax

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For 2011, Jorge, a single father, reported the following amounts relating to his investments:

Net investment income from interest $7000

interest expense on a loan to purchase stock 2000

interest expense on funds borrowed in 2010 to purchase land for investment 6000

What is the maximum amount that Jorge can deduct in 2011 as investment interest expense?
A. $1,000
B. $2,000
C. $6,000
D. $7,000


is it D

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