Discussion:Carryover of investment interest expense
From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.
From TaxAlmanac
Discussion Forum Index --> Tax Questions --> Carryover of investment interest expense
Attorneyjakf (talk|edits) said: | 10 April 2007 |
| Simple trust from wife's estate. Trust was distributing all income to surviving spouse beneficiary. Surviving spouse died in October. Trust had large interest expenses for investment income paid during surviving spouse's life. The investment income expense is greater than surviving spouse's distributable investment income. Does the trust retain excess investment income deduction for future use? Is there any authority for this to carryover the way capital gains and NOL do? | |
| 10 April 2007 | |
| No authority to carry the unused investment interest to the beneficiaries. | |
To join in on this discussion, you must first
log in.
