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Level 2
posted Apr 9, 2020 6:50:34 PM

Can I deduct interest expense reported in Form 1099 from a closed end fund investment?

0 2 287
2 Replies
Not applicable
Apr 10, 2020 12:13:13 AM

sure.  as investment interest expense on form 4952 which flows to schedule A.  but to be of any benefit your itemized deductions must exceed your standard deduction. 

Level 2
Apr 10, 2020 1:24:15 AM

Thanks for the info!