You can rollover unused investment interest deduction to future years.
You can elect to treat capital gain income as investment income in order to allow for more of your investment interest to be deductible in the current year. The potential advantage of that is to get a larger investment interest deduction, thus potentially reducing your taxable income.
The disadvantage of doing that is the portion of your income equal to your capital gains will be taxed at ordinary tax rates, that are typically higher than your capital gain tax rates. So, you have the potential of lower taxable income, but higher tax rates on that income.
The best way to determine which option is best would be to do it both ways and see which results in a lower tax.
You may find this article From the Tax Advisor helpful.
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