Money to purchase stock and taxable corporate bonds

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In 2012 The TOM borrowed money to purchase stock and taxable corporate bonds. During 2014 the paid $11900 of interest5 in conduction with this loan .The investment income for 2014 consist of $5000 of qualified dividend income $2400 of taxable interest income and $3300 of net capital gain. How much of the $11900 can deduct on their 2014 Schedule A

Reference no: EM13906935

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