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The Professionals And Cons Of Borrowing From Your Self
If you do not have enough investment revenue, the surplus interest expense gets carried over to the next tax 12 months. Interest on loans used to buy nontaxable investments, like municipal bonds or muni-bond funds are nondeductible. Investment curiosity expense is the curiosity on money you borrow to buy taxable investments. Federal and state legal guidelines and regulations are complex and are subject to vary. Changes in such laws and regulations may have a material influence on pre- and/or after-tax investment outcomes. Truist makes no warranties with regard to this calculator or the outcomes obtained by its use. Truist disclaims…