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: Colin Cody who wrote (1847)	2/7/1999 9:53:00 PM
From: CrazyRay	Read Replies (2) of 5810

Colin, I currently have a margin account and have never made a cash withdrawal. I currently have 10k debt on this account (via margin loan for stock) which puts my account at lets say 90% equity. Problem: I need to withdrawal cash and also want to continue to deduct my margin interest. What to do? Can I do this? Sell enough stock to pay back the loan plus the amount I want to withdrawal. Withdrawal the cash. Now repurchase the stocks back with less equity(possibly 80% now). Any help? Ray S

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