Investment interest expense and capital gain income.: An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on January 1, 1994. The length of the article is 545 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Deductions for investment interest expenses should be allowable to the extent that the taxpayer elects to have net long-term capital gain from the disposition of investment property treated as ordinary investment income. Electing ordinary income treatment of capital gains to use this deduction does not require that all capital gains from the transaction be treated as ordinary income. This interpretation is supported by a close reading of IRC Section 163(d)(4)(B)(ii) and examination of the legislative history.

Citation Details
Title: Investment interest expense and capital gain income.
Author: Mary Frances Pearson
Publication:The Tax Adviser (Magazine/Journal)
Date: January 1, 1994
Publisher: American Institute of CPA's
Volume: 25 Issue: n1 Page: 32(2)

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