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Sheena Maskell Sheena Maskell
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7 years ago
All of the following statements are true except
A) investment interest expense is deductible to the extent of a taxpayer's net investment income.
B) short-term capital gains meet the definition of net investment income.
C) investment interest expense includes interest expense to purchase or carry tax-exempt securities.
D) net investment income is the taxpayer's investment income in excess of investment expenses.
Textbook 
Prentice Hall's Federal Taxation: 2011: Individuals

Prentice Hall's Federal Taxation: 2011: Individuals


Edition: 14th
Authors:
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MsLippyMsLippy
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Sheena M. Author
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#2
7 years ago
Really helped
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