If TT raises an issue regarding “investment interest expense” and it is not relevant, here is a work around.
Bring up the f1116 computational worksheet and insert in the following lines:
4b (1) a = 0
4b (1) b = 0
4b (1) c = 1
If the issue is “trade or business expense” then:
4b (2) a = 0
4b (2) b = 0
4b (2) c = 1
If the issue is “passive activities interest expense” then:
4b (3) a = 0
4b (3) b = 0
4b (3) c = 1
