Investment Interest is interest paid on money you borrowed that is allocable to property held for investment. It does not include any interest allocable to passive activities or to securities that generate tax-exempt income.
For instructions see Form 4952.
Complete the information requested in this section and OnLine Taxes will compute this deduction for you.
You do not have to file Form 4952 if all three of the following apply:
Note: Alaska Permanent Fund dividends are not investment income.
For more details, see Publication 550.