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For 2017,Miram,a Single Mother,reported the Following Amounts Relating to Her

Question 54

Multiple Choice

For 2017,Miram,a single mother,reported the following amounts relating to her investments: Net investment income from interest $7,000 Interest expense on a loan to purchase stocks2,000Interest expense on funds borrowed in 2016 to purchase land for investment  6,000\begin{array}{lr}\text {Net investment income from interest }&\$7,000\\\text { Interest expense on a loan to purchase stocks}&2,000\\\text {Interest expense on funds borrowed in 2016 to purchase land for investment \ }&6,000\\\end{array}
What is the maximum amount that Miriam can deduct in 2017 as investment interest expense?


A) $8,000.
B) $2,000.
C) $6,000.
D) $7,000.

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