The Deduction for Investment Interest in Excess of the Net

question 103

True/False

The deduction for investment interest in excess of the net investment income carries forward to the subsequent year.

---

Definitions:

Incomplete Dominance

A genetic situation where neither allele dominates and the phenotype is a blend or mixture of the parental traits.

Albinism

A group of genetic disorders characterized by a lack or decrease in the pigment melanin in the skin, hair, and eyes.

Recessive Trait

A genetic characteristic that is expressed in offspring only when inherited from both parents, hidden when a dominant trait is present.

Carriers

Individuals or entities that transport or convey substances, such as proteins that transport ions across cell membranes or genetic carriers of disease traits.