Which of the following statements is not correct on investment interest?
Choose one answer.
a. Form 4952 is used to determine the deductible investment interest | ||
b. Investment income includes interest, dividends, royalties, and annuities. | ||
c. Investment income is generally derived from a non-passive activity. | ||
d. Investment interest is limited to net investment income |
the wrong statements are:
b.here it is wrong due to royalties is not an investment income as royalty means a sum paid to a patentee for the use of a patent or to an author or composer for each copy of a book sold or for each public performance of a work.it never related to investment.
d)Investment income is income that comes from interest payments, dividends, capital gains collected upon the sale of a security or other assets, and any other profit made through an investment vehicle of any kind.hence the given statement is wrong as net investment income not limited to investment interest.
Which of the following statements is not correct on investment interest? Choose one answer. a. Form...
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