INVESTMENT INTEREST EXPENSE DEDUCTION

ICR 198808-1545-012

OMB: 1545-0191

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
IC ID
Document
Title
Status
129189 Migrated
ICR Details
1545-0191 198808-1545-012
Historical Active 198711-1545-024
TREAS/IRS
INVESTMENT INTEREST EXPENSE DEDUCTION
Revision of a currently approved collection   No
Regular
Approved without change 10/06/1988
Retrieve Notice of Action (NOA) 08/11/1988
The burden figures approved are those submitted by IRS on 8/5/88. You may omit printing the expiration date on this form. Also, you may continue to use previous versions of this form. Remarks added, effective 12/05/88, as follows: change request dated september 19, 1988, approved with a correction of the program change and adjustment shown on the SF-83 lines 19.4 and 19.5.
  Inventory as of this Action Requested Previously Approved
10/31/1991 10/31/1991 10/31/1990
800,285 0 200,285
562,133 0 130,305
0 0 0

FORM 4952 IS USED BY TAXPAYERS WHO PAID OR ACCRUED INTEREST ON MONEY BORROWED TO PURCHASE OR CARRY INVESTMENT PROPERTY. THE FORM IS USED TO COMPUTE THE ALLOWABLE DEDUCTION FOR INTEREST ON INVESTMENT INDEBTEDNESS AND THE INFORMATION OBTAINED IS NECESSARY TO VERIFY THE AMOUNT ACTUALLY DEDUCTED.

None
None


No

1
IC Title Form No. Form Name
INVESTMENT INTEREST EXPENSE DEDUCTION 4952

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 800,285 200,285 0 57,142 542,858 0
Annual Time Burden (Hours) 562,133 130,305 0 41,126 390,702 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
08/11/1988


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