Portfolio Income Archives

Knott Learning

How to File IRS Form 4952 Investment Interest Expense Deduction

When taxpayers borrow funds to purchase investments, the taxpayer may be able to deduct some or all of that investment interest expense. The investment interest expense is an itemized tax deduction calculated on Form 4952.

Jason Knott2024-07-10T13:54:18+00:00Tags: Form 1040, Form 4952, Investment Interest Expense, Portfolio Income, Schedule A|

S Corporation Tax On Passive Investment Income – What Are the Rules?

An S corporation that was formerly taxable as a C corporation may be subject to direct federal income taxes on its passive investment income. This article and video tutorial discuss the basics of the passive income tax and how it's reported on Form 1120-S.

Jason Knott2024-07-10T15:13:53+00:00Tags: Form 1120-S, Passive Income, Portfolio Income, S Corporation|

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