Investment Interest Deduction Rules   Updated

Most individuals incur interest expense from a variety of personal indebtedness items. The interest expense is deductible in some cases and not deductible in other cases when calculating federal income tax liability for an individual. This course discusses the deductibility of interest expense arising from items such as business, investment, below-market loans, capitalized interest and AMT, and even self-charged interest. In addition, the changes introduced by the Tax Cuts and Jobs Act of 2017 and applicable for tax year 2018 through 2025, SECURE Act of 2019, CARES Act of 2020, Consolidated Appropriations Act, 2021 (CAA, 2021), the American Rescue Plan Act of 2021 (ARPA), SECURE 2.0 Act of 2022, the One Big Beautiful Bill Act of 2025 (OBBBA), and subsequent tax acts are discussed and illustrated. This intermediate level course is most appropriate for the professional with detailed knowledge in federal income taxation of individuals or the professional seeking to expand his or her knowledge base and who may be at a mid-level position within an organization with operational or supervisory responsibilities, or both. It should be noted that neither OBBBA nor other federal tax legislation enacted through the 2026 tax year made substantive changes to Reg. Sec. 1.469-7 or treatment of self-charged interest. Accordingly, these regulations continue to govern the recharacterization of certain interest income and deductions between pass-through entities and their owners.

By proceeding to the examination, you acknowledge and confirm that you have completed the required coursework.