Melissa earned net investment income of $11,000 during 2014 and incurred investment interest expense of $3,000 during the year related to a stock purchase.She incurred other investment interest expenses of $7,000 during the year.Melissa is limited to a deduction of $3,000 of investment interest expense in 2014.

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The Answer of Melissa earned net investment income of $11,000 during 2014 and incurred investment interest expense of $3,000 during the year related to a stock purchase.She incurred other investment interest expenses of $7,000 during the year.Melissa is limited to a deduction of $3,000 of investment interest expense in 2014.

Melissa Earned Net Investment Income of $11,000 During 2014 and Incurred