Investment Interest Expense Which Is Disallowed Because It Exceeds the Taxpayer's

question 32

True/False

Investment interest expense which is disallowed because it exceeds the taxpayer's net investment income may be carried over and treated as incurred in subsequent years.

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Definitions:

Neurocognitive Disorder

A category of mental health disorders that primarily affect cognitive abilities including learning, memory, and understanding.

Intellectual Disability

A condition characterized by significant limitations both in intellectual functioning and in adaptive behavior, which covers a range of everyday social and practical skills.

Aphasia

A condition characterized by the impairment of language ability, affecting production, comprehension, reading, or writing, due to brain damage.

Apraxia

A motor disorder caused by damage to the brain, where the individual has difficulty performing movements or gestures despite having the desire and physical capacity to do them.