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Deducting TY2021's Disallowed Investment Interest Expense in TY2023
I had Disallowed Investment Interest Expense of $928 (line 7 of form 4952) in TY2021 returns. In TY2022, although I had net investment income, I filed returns via standard deduction method and thus wasn't able to make use of the TY2021 disallowed investment interest expense. Now filing TY2023 via Itemized deductions method. Will I be able to deduct the Disallowed Investment Interest Expense of $928 (line 7 of form 4952) in TY2021?
‎April 14, 2024
6:49 AM