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  3. tobias has a brokerage account and buys on the mar

Tobias has a brokerage account and buys on the margin, which resulted in an interest...

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Accounting

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Tobias has a brokerage account and buys on the margin, which resulted in an interest expense of $26,800 during the year. Income generated through the brokerage account was as follows: $53,600 268,000 Municipal interest Taxable dividends and interest If required, round any division to two decimal places and use in subsequent computation. Round your final answer to the nearest dollar. How much investment interest can Tobias deduct

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