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  3. mickey and jenny porter file a joint tax return, a

Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters...

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Accounting

Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $2,975 in investment expenses. They also incur $4,625 of investment interest expense during the year. The Porters' income for the year consists of $169,500 in salary and $3,865 of interest income.

What is the amount of the Porters' investment interest expense deduction for the year?

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