For investment interest expense in 2014,the deduction by a taxpayer is:
A)Limited to the investment interest expense paid in 2014.
B)Limited to the taxpayer's net investment income for 2014.
C)Not limited.
D)Limited to the taxpayer's gross investment income for 2014.

Question

Quizplus · Accepted Answer

The deduction for investment interest expense in 2014 is limited to the taxpayer's net investment income for the year. Any excess interest expense can be carried forward to future years.

For Investment Interest Expense in 2014,the Deduction by a Taxpayer