As a general rule, should a taxpayer make the special Code Sec. 163(d) (4) (B) election to have long-term capital gains incurred during the year treated as investment income for investment interest limitation purposes? Explain.

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
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Chapter6: Deductions And Losses: In General
Section: Chapter Questions
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As a general rule, should a taxpayer make
the special Code Sec. 163(d)(4)(B) election
to have long-term capital gains incurred
during the year treated as investment income
for investment interest limitation purposes?
Explain.
Transcribed Image Text:As a general rule, should a taxpayer make the special Code Sec. 163(d)(4)(B) election to have long-term capital gains incurred during the year treated as investment income for investment interest limitation purposes? Explain.
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