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E
Level 2

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

 
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2 Replies
Anonymous
Not applicable

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

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. 

E
Level 2

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

Thanks for the info!

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