Taxpayers may make an election to include preferentially taxed capital gains and qualified dividends in 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 elect to treat preferentially taxed capital gains and qualified dividends as investment income and deduct more investment interest expense currently, but this will subject the income to ordinary tax rates.

Taxpayers May Make an Election to Include Preferentially Taxed Capital