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interest expense |
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265(a)(2) interest expense disallowance rules to loans between related affiliates: proposed regulations (REG-128590-03, 5/7/04) and Rev. For example, investors with high incomes can defer taxes by investing in growth-oriented stocks and still get a current interest expense deduction. 4 million in interest on securities, and $48,000 in other interest income, less interest expense on deposits of $2. |
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