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onlyvishalpatel
April 15, 2023
Question

In 2022 I can't reach itemized deduction. Last year if I had 5K investment interest and only 1K of dividend, can I carry forward all 5K or just 4K of deduction in 4952?

  • April 15, 2023
  • 1 reply
  • 0 views
Given there is an option to deduct 1K this year which I can't really use given my itemization can't go over standard deduction. Would I loose that 1K deduction and only be able to carry forward 4K?

1 reply

R
RobertB4444
April 19, 2023

No.  The interest can only be deducted in the year that it is incurred, unfortunately.

 

@onlyvishalpatel 

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