[{"data":1,"prerenderedAt":7},["ShallowReactive",2],{"faq-standard-4041":3},{"rec_id":4,"title":5,"text":6},"4041","Investment Interest","Menu Path: \u003Ci>Deductions/Credits > Itemized Deductions > Investment Interest\u003C/i>\r\n\u003Cbr>\u003Cbr>\r\nEnter investment interest on the \u003Ci>Deductible Investment Interest\u003C/i> screen.\u003Cbr>\u003Cbr>\r\n\r\nDeductible investment interest is interest paid on margin accounts or interest paid on loans used to buy or carry investments. For example, if you get a margin loan through your brokerage account and use it to buy more stocks, then the interest you pay is investment interest. Another example would be if you bought land to hold as an investment, then the interest expense you pay on the loan to obtain the land is investment interest.\r\n\u003Cbr>\u003Cbr> \r\nInvestment interest is deductible up to the amount of your investment income. Investment income includes dividends, interest income, and royalties. Disallowed investment interest is carried forward and can be used on future year tax returns.",1777391540340]