FAMH - FIRAMADA Staffing Services Message Board

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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: Y2k_fan who wrote (11878)	4/13/1998 10:26:00 PM
From: Kool Guy	Read Replies (1) of 27968

Yea, Bill is correct. First record the margin interest on form 4952. Any interest is deducted to the extent you have investment income, but my understanding was that if you had capital gains from investment transactions this would count as investment income for purposes of taking the deduction. The investment interest deduction would then be deducted on line 13 of schedule A. Kool Guy CPA, EA

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