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 Form 4952 2015

2015-2025 Form

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Video instructions and help with filling out and completing Form 4952

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Instructions and help about Form 4952

okay for this video i wanted to cover a simple example of how to complete irs form 4952 the investment interest expense deduction so the sample fact pattern we're going to be working with here we've got an individual taxpayer john doe and he has some investment income and expenses and he has some interest that was charged on his brokerage account because he was trading on margin so what we want to do is go through the form 4952 go through his 1040 and the brokerage statement as well and see kind of how all these items align so just high level what's important with this form when you have investment interest expense you can only deduct a certain amount of expense to the extent you have investment income so part of the task here is to compute how much of your income actually qualifies as investment income and then the investment interest expense you have connected with that income can be deducted to the extent that you have earnings right so you can take an invest

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