Question: Which statement is correct regarding investment interest expense? Margin interest expense is usually deductible in full for any investment income. A taxpayer should not include
Which statement is correct regarding investment interest expense?
Margin interest expense is usually deductible in full for any investment income.
A taxpayer should not include shortterm capital gains in net investment income to calculate the net investment interest deduction.
Unused investment interest expense may be carried forward for a maximum of years.
A taxpayer should not include dividends to calculate net investment income.
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