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Investment Interest Expense
Article ID: 33457 Print
Question
Investment Interest Expense

Answer

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.

Exception 

You do not have to file Form 4952 if all three of the following apply:

  1. Your investment interest expense is not more than your investment income from interest and ordinary dividends minus any qualified dividends.
  2. You have no other deductible investment expenses.
  3. You do not have any carryover of disallowed investment interest expense from 2008. 

Note: Alaska Permanent Fund dividends are not investment income.

For more details, see Publication 550.


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Views: 985 Created on: Jun 15, 2013
Date updated: Aug 14, 2015

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