Troy’s financial records for the year reflect the following: Interest income from bank savings account $960 Taxable annuity receipts 1,920

Troy’s financial records for the year reflect the following: Interest income from bank savings account $960 Taxable annuity receipts 1,920 City ad valorem property tax on investments 144 Investment interest expense 3,360 Calculate Troy’s net investment income and his current investment interest deduction. How is a deduction for any potential excess investment interest treated


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