Final answer:
Nondeductible investment expenses (other than investment interest expenses) are not carried forward indefinitely.
Step-by-step explanation:
False. Nondeductible investment expenses (other than investment interest expenses) are not carried forward indefinitely.
Non-deductible investment expenses are expenses incurred for the production of income that are not eligible for deduction when calculating taxable income. These expenses include things like fees paid to financial advisers, costs of investment publications, and safe deposit box rental fees. While some deductible investment expenses can be carried forward indefinitely, non-deductible investment expenses cannot.