What Is Included in Investment Income? What Is the Limit

question 66

Essay

What is included in investment income? What is the limit on the deduction for investment interest?

---

Definitions:

Depreciated

The reduction in the value of an asset over time due to wear and tear, aging, or obsolescence.

Patent

A government-granted right that gives the holder exclusive control over the production, use, and sale of an invention for a set period.

Exclusive Right

A legal guarantee that grants an individual or entity sole permission to utilize, produce, or sell a particular product or service.

Patented Item

An item or invention that is legally protected by a patent, granting its inventor exclusive rights to use, make, and sell it for a certain period.