Unused investment interest expense:
A)expires after the current year.
B)is carried back two years.
C)is carried forward 20 years.
D)is carried forward indefinitely.
E)None of the choices are correct.

Question

Quizplus · Accepted Answer

Unused investment interest expense can be carried forward indefinitely to future tax years. This means that if a taxpayer has investment interest expenses that exceed their investment income in a particular year, they can carry forward the excess interest expense to offset investment income in future tax years.

Unused Investment Interest Expense