IRS, Tax related strategies--Traders Message Board

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Strategies & Market Trends : IRS, Tax related strategies--Traders

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To: paul boudreau who wrote (65)	2/17/1998 10:57:00 PM
From: Spots	Read Replies (1) of 1383

Well, I can only answer the way I always did it, which was what I took from the instructions. Investment expenses (direct ones), including specifically margin interest IF it's used to purchase investment property (as opposed to writing a check on your margin account to buy dinner) are deductible up to the amount of investment income. What's investment income may be iffy on the edges, but capital gains, interest, dividends, rents and royalties are definitely investment income. Unused investment expense can be carried forward. There's a form for this, 8xxx as I recall.

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