Solution-Calculate Troy net investment income

Calculate Troy net investment income

Reference no: EM132658409

Problem - Troy's financial records for the year reflect the following:

Interest income from bank savings account $900

Taxable annuity receipts 1,800

City ad valorem property tax on investments 125

Investment interest expense 3,200

Required - Calculate Troy's net investment income and his current investment interest deduction. How is any potential excess investment interest deduction treated?

Reference no: EM132658409

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Calculate Troy net investment income

Reference no: EM132658409

Reference no: EM132658409

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