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Cory Incurred and Paid the Following Expenses in 2019 Calculate the Amount That Cory Can Deduct (Before Any Percentage

Question 59

Multiple Choice

Cory incurred and paid the following expenses in 2019:  Tax return preparation fee $600 Moving expenses 2,000 Investment expenses 500 Expenses associated with rental property 1,500 Interest expense associated with loan to finance tax-exempt bonds 400\begin{array} { l r } \text { Tax return preparation fee } & \$ 600 \\\text { Moving expenses } & 2,000 \\\text { Investment expenses } & 500 \\\text { Expenses associated with rental property } & 1,500 \\\text { Interest expense associated with loan to finance tax-exempt bonds } & 400\end{array} Calculate the amount that Cory can deduct (before any percentage limitations) .


A) $5,000.
B) $4,600.
C) $3,000.
D) $1,500.
E) None of these.

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