Hi Brittany,
Thanks for the prompt response. The bug I am encountering is the same bug that alexgerber described earlier in this thread.
When total investment interest expense (Form 4952 line 3) exceeds the sum of qualified dividends (Form 4952 line 4b) and net capital gains (Form 4952 line 4e), the software correctly asks the user if they want to "Make a Capital Gain Election" (for the purposes of the software filling in Form 4952 line 4g).
However, when total investment interest expense (Form 4952 line 3) is less than the sum of qualified dividends (Form 4952 line 4b) and net capital gains (Form 4952 line 4e), the software incorrectly avoids asking the user if they want to "Make a Capital Gain Election" (for the purposes of the software filling in Form 4952 line 4g). I believe in this scenario (which is my scenario) the software should still ask the user if they want to Make a Capital Gain Election (to allow for making an election up to the amount that would allow them to deduct their investment interest expense rather forcing it to be carried over to next year).
Joel
