Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Box-By-The-Riviera™ who wrote (274)	12/18/1997 1:50:00 AM
From: Colin Cody	Read Replies (3) of 5810

I believe Richard was asking about a rule available ONLY to INVESTORS that allows Margin Interest to be used to the extent of GAINS that are NOT taxed (via the election) at the preferential long-term rates. . A TRADER does not have "margin interest" per se. A TRADER has BUSINESS INTEREST, which is a deductible item on Schedule C, line 16b, same as would a DEALER... . Colin

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