IsabellaG
Expert Alumni

Deductions & credits

Your Investment Interest expense deduction is limited each year to your net investment income. And while you can carry over unused investment interest expense, you run into the same limitation in every carryover year, where you can only claim the expense up to that year's income.

 

Your message is  saying that you don't have enough total Itemized Deductions to Itemize, so you are instead claiming the Standard Deduction, because it's larger than whatever you entered for your Itemized Deductions, including the allowable deduction for investment interest expense.

See this article about Investment Interest Expense.

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