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

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To: Colin Cody who wrote (797)4/5/1998 5:24:00 PM
From: andrew wu  Read Replies (1) of 5810
 
Colin,

What is the difference between 4b and 4c in FORM-4952?

I'm using TurboTax from Quicken and it lists the
same amount for the 4b and 4c for me.

Since the 4b and the 4c is the same, I could only deduct
about $400 (which is my total interest income) out of
about $2000 (which is the interest I paid for the margin
I borrowed from my brokers). I have to carry over about
$1600 for the next year.

I'll be appreciated if you or anyone else could share
the understanding/knowledge about difference between 4b and 4c.

Thx,

-andrew
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