Thanks for clarification.Is my understanding correct, that for the years, i take standard deduction, i lose the investment-interest-expense benefit.year-1: Stan...
Yes, still looking out for CPA.Hope my current understanding based on limited info is:-Investment interest can't be accumulated or carryforward, for the years y...
@Opus 17When you have short term capital gains, you can offset with1.)Past carryover losses2.)Investment Interest ExpenseQuestion:1.)Which ones take priority?2....
@rjsExampleInvestment Income = $101Investment Interest Expense = $100Deducation Available = FULL , but only if ITEMIZEDHowever, if you have standard deduction, ...
Thank you for the detailed reply. Very useful.In real world scenario, i would assume folks have different asset classes and channelize funds based on available ...