Investment Interest Expense Deduction

• Legal Form Number: 4952
• Year: 2023
• Issuer: Treasury Department
• Section: Treasury Department

Form 4952 Investment Interest Expense Deduction

Department of the Treasury

Internal Revenue Service

Attach to your tax return.

Go to www.irs.gov/Form4952 for the latest information.

OMB No. 1545-0191

Attachment

Sequence No. 51

2023

Name(s) shown on return Identifying number

Part I Total Investment Interest Expense

1 Investment interest expense paid or accrued in 2023 (see instructions) . . . . . . . . . . 1

2 Disallowed investment interest expense from 2022 Form 4952, line 7 . . . . . . . . . . . 2

3 Total investment interest expense. Add lines 1 and 2 . . . . . . . . . . . . . . . . 3

Part II Net Investment Income

4 a Gross income from property held for investment (excluding any net gain from

the disposition of property held for investment) . . . . . . . . . . 4a

b Qualified dividends included on line 4a . . . . . . . . . . . . . 4b

c Subtract line 4b from line 4a . . . . . . . . . . . . . . . . . . . . . . . . 4c

d Net gain from the disposition of property held for investment . . . . . . 4d

e Enter the smaller of line 4d or your net capital gain from the disposition

of property held for investment. See instructions . . . . . . . . . . 4e

f Subtract line 4e from line 4d . . . . . . . . . . . . . . . . . . . . . . . . 4f

gEnter the amount from lines 4b and 4e that you elect to include in investment income. See instructions 4g

h Investment income. Add lines 4c, 4f, and 4g . . . . . . . . . . . . . . . . . . . 4h

5 Investment expenses (see instructions) . . . . . . . . . . . . . . . . . . . . . 5

6 Net investment income. Subtract line 5 from line 4h. If zero or less, enter -0- . . . . . . . . 6

Part III Investment Interest Expense Deduction

7 Disallowed investment interest expense to be carried forward to 2024. Subtract line 6 from line

3. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . 7

8 Investment interest expense deduction. Enter the smaller of line 3 or line 6. See instructions . . 8

For Paperwork Reduction Act Notice, see page 4. Cat. No. 13177Y Form 4952 (2023)