Tobias has a brokerage account and buys on the margin, which resulted in an interest expense of $29,200 during the year. Income generated through the brokerage account was as follows: Municipal...

Tobias has a brokerage account and buys on the margin, which resulted in an interest expense of $29,200 during the year. Income generated through the brokerage account was as follows:

If required, round any division to two decimal places and use in subsequent computation. Round your final answer to the nearest dollar.

How much investment interest can Tobias deduct?