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Which of the following statements about investment interest expense is true? Multiple Choice The interest is allowed as an unlimited above-the-line deduction. The interest is allowed as an unlimited itemized deduction. Nondeductible interest carries forward into future years. The interest is deductible to the extent of the individual's AGI.

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jayilych4real

The statement about investment interest expense which is true is:

  • Nondeductible interest carries forward into future years

What is Investment Interest Expense?

This refers to the amount of interest paid which is then used to buy investments.

With this in mind and from the given answer choices, we can see that the true statement about the investment interest expense is option C which states that Nondeductible interest carries forward into future years.

Read more about investments here:

https://brainly.com/question/1305349

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