The FRN interest would be includible in gross income and the interest to Optech would be deductible or not based on how Mr. Sollberger had spent the money he received from Optech.

FORBES: Sometimes You Should Just Pay The Tax

According to the ETF Finder at ETF Channel, EOC makes up 5.81% of the Guggenheim Frontier Markets ETF ( AMEX: FRN) which is trading up by about 0.4% on the day Friday.

FORBES: Connect

According to the ETF Finder at ETF Channel, ENI makes up 5.34% of the Guggenheim Frontier Markets ETF ( AMEX: FRN )which is trading lower by about 0.7% on the day Thursday.

FORBES: Shares of ENI Now Oversold

According to the ETF Finder at ETF Channel, ENI makes up 5.34% of the Guggenheim Frontier Markets ETF ( AMEX: FRN )which is trading higher by about 0.1% on the day Tuesday.

FORBES: ENI Makes Bullish Cross Above Critical Moving Average

According to the ETF Finder at ETF Channel, ENI makes up 5.34% of the Guggenheim Frontier Markets ETF ( AMEX: FRN) which is trading lower by about 1.5% on the day Tuesday.

FORBES: Shares of ENI Now Oversold

According to the ETF Finder at ETF Channel, EOC makes up 5.81% of the Guggenheim Frontier Markets ETF ( AMEX: FRN )which is trading up by about 0.3% on the day Friday.

FORBES: Bullish Two Hundred Day Moving Average Cross - EOC

According to the ETF Finder at ETF Channel, EOC makes up 5.81% of the Guggenheim Frontier Markets ETF ( AMEX: FRN )which is trading up by about 0.1% on the day Monday.

FORBES: Bullish Two Hundred Day Moving Average Cross - EOC

Also, it seems that despite what I just explained about the interest tracing rules, he had been treating the FRN interest collected and the Optech interest paid as a wash for income tax purposes, which makes the ending kind of puzzling.

FORBES: Sometimes You Should Just Pay The Tax