The deduction for investment interest in excess of net investment income carries forward to the subsequent year.

Name: The deduction for investment interest in excess of net investment income carries forward to the subsequent year.
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According to the IRS, if your investment interest expense is more than your investment income for the tax year, you may be able to carry over the unused portion to the following year(s) to deduct against investment income in those years.

The Deduction for Investment Interest in Excess of Net Investment