Get Irs 4952 2024-2025

The IRS Form 4952 is essential for calculating the deduction for investment interest expenses for the tax year 2024. This guide provides clear, step-by-step instructions for completing the form online, ensuring you accurately report your investment interest deductions.

Follow the steps to fill out the IRS 4952 online effectively.

1. Press the ‘Get Form’ button to access the IRS 4952 online form.
2. Enter the names as shown on your tax return in the 'Name(s) shown on return' field.
3. In Part I, report the total investment interest expense paid or accrued during 2024 on line 1.
4. On line 2, input any disallowed investment interest expense from your prior year (2023) Form 4952.
5. Calculate your total investment interest expense by adding line 1 and line 2, and enter the result in line 3.
6. Moving to Part II, begin with line 4a: indicate your gross income from property held for investment.
7. On line 4b, enter the qualified dividends included in your gross income from line 4a.
8. Subtract line 4b from line 4a and enter the result in line 4c.
9. Continue by entering any net gain from the property disposition on line 4d.
10. On line 4e, indicate the smaller amount of either line 4d or your net capital gain.
11. Next, subtract line 4e from line 4d and enter the result in line 4f.
12. If you wish to elect how much of your qualified dividends and gains to include in investment income, report that on line 4g.
13. Add lines 4c, 4f, and 4g to calculate your investment income and report it on line 4h.
14. List any additional investment expenses on line 5, then subtract line 5 from line 4h on line 6 to find your net investment income.
15. In Part III, subtract line 6 from line 3 on line 7 to calculate any disallowed investment interest expense for carry forward.
16. Finally, determine your investment interest expense deduction on line 8, where you'll enter the smaller of line 3 or line 6.
17. After completing the form, ensure to save your changes, then download or print the form for your records.

Complete your IRS Form 4952 online to ensure accurate filing of your investment interest expense deductions.