Taxpayers may make an election to include long-term capital gains and qualified dividends in net investment income and deduct more investment interest expense currently if they are willing to subject this income to ordinary tax rates.

Question

Quizplus · Accepted Answer

Taxpayers may make an election under Section 163(d)(4)(B) of the Internal Revenue Code to include long-term capital gains and qualified dividends in net investment income and deduct more investment interest expense currently if they are willing to subject this income to ordinary tax rates.

Taxpayers May Make an Election to Include Long-Term Capital Gains