For investment interest expense in 2016,the deduction by a taxpayer is:
A)Limited to the taxpayer's net investment income for 2016.
B)Limited to the investment interest expense paid in 2016.
C)Not limited.
D)Limited to the taxpayer's gross investment income for 2016.

Question

Quizplus · Accepted Answer

Investment interest expense deduction is limited to the taxpayer's net investment income for the year. If the interest paid exceeds the net investment income, the excess can be carried forward to future years.

For Investment Interest Expense in 2016,the Deduction by a Taxpayer