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Strategies & Market Trends : LastShadow's Position Trading

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To: Susan Saline who wrote (31953)	3/8/2000 10:22:00 AM
From: Ira Player	Read Replies (1) of 43080

Margin interest (Edit) Haven't started 1999 taxes yet, so will refer to 1998 "forms". If you have more "Interest and Ordinary Dividends" income reported on Schedule B than you have "Investement Interest", all you need to do is report the "Investement Interest" on line 13 (in 1998) of Schedule A. If you have more "Investement Interest" than "Interest and Ordinary Dividends" and you also had net Capital Gains reported on Schedule D, you must also complete Form 4952 (again, 1998) to apply some of the Capital Gains to Investment Income", Form 4952, Line 4e (1998). You will then put that amount on Schedule D, Line 21 (1998). Note that Schedule D, Line 20 (1998) limits you to the smaller of line 16 or 17. Therefore, if you have any Long Term gains, they get taken first... Good luck, Ira

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