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

Question

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

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

TrueFalse

Answers

Investment interest is limited to a taxpayer's net investment income (investment income minus investment expenses).

Any investment interest in excess of the net investment income limitation carries forward to the subsequent year.

Thus the answer is True.


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