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April 12, 2024
Question

Investment Interest Expense Itemized Deduction

  • April 12, 2024
  • 0 replies
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Form 4592 is carrying over Investment Interest Expense from TY 2022. In TY 2022 standard deduction was used. Now in TY 2023 Form 4592 is forcing the Itemized deduction to be used with the Investment Interest Expense Deduction. The standard deduction needs to be applied. How is corrected?