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

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To: Colin Cody who wrote (1855)2/8/1999 2:35:00 PM
From: J R KARY  Read Replies (2) of 5810
 
Colin can the margin interest be deducted without margin payment ?

Can the margin interest be itemized as a annual investment expense charged against that year's investment (dividend etc.) income ?

The alternative appears to be clumsy , which is full payment of the margin balance and using the margin interest (including past years ?) as a interest expense ?

The annual margin interest calculation as a itemized interest expense seems more reasonable - is it acceptable to the IRS ?

Thanks in advance,
Jim
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