Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
J
Jim1985
May 29, 2023
Question

Can I enter "Dividends paid on short positions" as investment interest expense on Form 4952?

  • May 29, 2023
  • 1 reply
  • 0 views
No text available

1 reply

M
Mike9241
May 30, 2023

the IRS says that's where they go unless you are a trader. then they go on schedule C. 

for investors

If, while holding a short sale, a dividend was issued which ultimately came from your brokerage account, the amount may be able to be deducted as an investment expense on Federal Schedule A (Form 1040

 

please note that there will be no benfit unless you that itemize deductions and they exceed your standard deduction. any amount unused would be a carryover but only if you itemize.  

    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification