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    #1

    Investment Interest

    Client has Schedule A investment interest carrying over from 2015. In 2016 he can not itemize. He has $193 of investment income. Do I reduce the carryover by the $193 or not?
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    #2
    Yes. The c/o is "used" the following year, up to the amount of that year's investment income. Whether or not is is actually deducted is irrelevant.
    Roland Slugg
    "I do what I can."

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      #3
      Investment interest deduction

      And if you look on line 14 of your "unused" Schedule A, the investment interest that was used-but-not-used should be present.

      FE

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        #4
        Thanks

        I was afraid of that. Thanks for confirming.

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