Calculate Robin net investment income

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Question - Robin's financial records from 2020 show the following information from the forms she received:

Interest income from bank CD's: $1,600

Taxable annuity payment total: $3,200

City ad valorem property on investments: $240

Investment interest expense: $5,600

Calculate Robin's net investment income and her current investment deduction. How is a deduction r any potential excess investment interest treated? Why is it treated this way?

Reference no: EM132910238

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