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

question 7

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Cory incurred and paid the following expenses:
 Tax return preparation fee$600 Moving expenses 2,000 Investment expenses500Expenses associated with rental property 1,500 Interest expense associated with loan to finance tax-exempt bonds 400\begin{array}{llr} \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) .


Definitions:

Legal Document

An official paper that records agreements, rights, or obligations with legal significance.

Assessment Report

A document that summarizes the findings, interpretations, and recommendations following an evaluation or assessment.

Nonverbally

Communicating without the use of spoken language, often through gestures, facial expressions, and body language.

Communication

The process of exchanging information, ideas, thoughts, or feelings between individuals through various channels, such as verbal, non-verbal, written, or digital means.

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