Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Taxpayer bought a building lot. Investment interest on the lot was disallowed and carried forward. Lot has been sold. Should the carried forward investment interest expense be added to the basis?
Taxpayer bought a building lot. Investment interest on the lot was disallowed and carried forward. Lot has been sold. Should the carried forward investment interest expense be added to the basis?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Theoldguy
Level 1
03-29-2022
12:31 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Labels
1 Comment 1
sjrcpa
Level 15
03-29-2022
01:02 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
No.
It may be deductible in the year of sale subject to the usual investment interest rules.
The more I know, the more I don't know.
