For 2011, Jorge, a single father, reported the following amounts relating to his investments:
Net investment income from interest $7000
interest expense on a loan to purchase stock 2000
interest expense on funds borrowed in 2010 to purchase land for investment 6000
What is the maximum amount that Jorge can deduct in 2011 as investment interest expense?
A. $1,000
B. $2,000
C. $6,000
D. $7,000
is it D