by George G. Jones and Mark A. Luscombe

Net capital gains, including qualifying dividends otherwise entitled to the new 15 percent maximum tax rate, may be included in investment income at the election of the taxpayer for purposes of computing how much investment interest he or she may deduct.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access