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Question

Investment Interest Expense - Not negating "interest income"

Forum|Forum|1 year ago
April 12, 2025
1 reply
0 views

Hi All - my investment interest expense + investment interest expense carry over of about 60K does not seem to be offsetting my "interest income" from investments of 44K. anyone know why this is and that's correct.....also, is there something going on with turbo tax? I swear i'm not changing much or anything and the numbers just bounce around like crazy

Have you previewed your forms to see the calculations? You can do this in TurboTax Desktop by clicking forms in the upper right hand corner. If using TurboTax Desktop following these steps:

From the left rail menu in TurboTax Online, select Tax Tools (You may have to scroll down on the left rail menu.)
Select Tax Tools
On the drop-down select Tools
On the pop-up menu titled “Tools Center”, select View Tax Summary
On the left sidebar, select Preview my 1040

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