Investment interest expense is still deductible, but that doesn’t necessarily mean you’ll benefit

Can the investment interest expense deduction save you tax on your 2018 return? You generally must pass three hurdles to benefit.As you likely know by now, the Tax Cuts and Jobs Act (TCJA) reduced or eliminated many deductions for individuals. One itemized deduction the TCJA kept intact is for investment interest expense. This is interest on debt used to buy assets held for investment, such as margin debt used to buy securities. But if you have investment interest expense, you can’t count on benefiting from the deduction.