The Other Home Mortgage Interest Deduction Limit
Section 163(j) Real Property Safe Harbor

Proposed Rules on New Business Interest Expense Guidance


The IRS issued proposed regulations for a provision of the Tax Cuts and Jobs Act (TCJA) that limits the business interest expense deduction for certain taxpayers. It incorporates new Form 8990, Limitation on Business Interest Expense Under Section 163(j), to calculate and report the deduction and amount of disallowed business interest expense to carry forward to the next tax year.


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