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- Should I input a sustantial amount of margin interest in Form 4952 for investment interest expense although my standard deduction is higher than my itemized deduction?
Should I input a sustantial amount of margin interest in Form 4952 for investment interest expense although my standard deduction is higher than my itemized deduction?
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DragonSo
Level 1
1 Comment 1
sjrcpa
Level 15
2 weeks ago
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Yes, because some of it will get soaked up this year to the extent of investment income.
Entering it will also establish the carryover amount.
The more I know the more I don’t know.
