Investment Income and Deductions. During the current year, Travis takes out a $40,000 loan, using…


Investment Allowance and Deductions. During the general year, Travis takes out a $40,000 advance, using fund he owns as connected. He uses $10,000 co forfeiture a car, which he uses 100 % for specific use. He uses the remaining funds to forfeiture funds and bonds. He pays $3,200 attention on the loan. Travis too reports the aftercited for the year:

Travis is only. What is his net taxable allowance?