Thank you for your reply..
Just to clarify my situation -
- In 2024 I had a investment interest deduction available of $100 - 4952 line 8, and schedule A line 9 both showed $100 of investment interest. However my total itemized deduction was less than my standard deduction, so I took the standard deduction.
- My question is - can I carryforward that $100 of investment interest to my 2025 4952 line 2? That line is labeled as the amount from 2024 4952 line 7, which shows $0.
Wasn't sure this was clear in my previous question, but had not encountered this situation before so wanted to double check.
Sometimes the carryforward rules are a little tricky I believe. I could make the argument both ways on this one 🙂
Thanks again!
Tom
