SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Cymer (CYMI)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Arvinder Malhotra who wrote (16498)4/13/1998 5:26:00 PM
From: Zeev Hed  Read Replies (1) of 25960
 
Arvinder, if you do not itemize your deduction but file Schedule D, it is tough to claim that investment interest. What I would do if I was you, I would include it as an additional transaction (call it "Margin account Interest) on schedule D and take it. I am not an accountant, so take this advice with a grain of salt, but you need to pay taxes only on your net capital gains and investment interest reduces this as much as dividends increases this.

Another approach would be if you file schedule B, have a line (line 5) with negative interest stating as above that it is margin account interest.

I hope it helps.

Zeev
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News