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Level 1
March 25, 2025
Question

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?

  • March 25, 2025
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1 reply

sjrcpa
Level 15
March 25, 2025

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.