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September 11, 2023
Question

$3202 is on Form 4952, line 8, but $2871 is on Schedule A, line 9 (for investment interest). I would prefer not to use an override on Schedule A. Any ideas?

  • September 11, 2023
  • 2 replies
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2 replies

petersuhrAuthor
September 11, 2023

Solved. A portion of the 3202 amount was on Schedule E schedule. The interest was paid by partnerships.

DoninGA
Employee
September 11, 2023

Take a look at the Form 4952 Investment Income Worksheet to see how the Investment Interest Expense was calculated.

petersuhrAuthor
September 11, 2023

The worksheet directed me to Schedule E. The worksheet however does not explain why only a portion of the interest paid by two of the three partnerships was moved to Schedule E. The good news is that the total deduction is being caught on the tax return.