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Tax Topic 20 - Investment Income and Expenses

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In this tax topic you will learn the tax treatment of investment income and expenses. You will learn what investment income is taxable and what investment expenses are deductible, including interest expenses. Here, you will learn when and how to include these items on your tax report. In addition, you will be able to determine and report gains and losses on the disposition of investment property, and property trades and tax shelters. 

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Revised: 01/18/16