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Strategies & Market Trends : IRS, Tax related strategies--Traders -- Ignore unavailable to you. Want to Upgrade?

To: Dan Duchardt who wrote (91)2/19/1998 11:53:00 AM
From: Colin Cody  Read Replies (1) | Respond to of 1383
 
The Investor may take the Investment (Margin Account, for instance) Interest on Sch A, line 13 after attaching form 4952.
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Other expenses, like management fees (but not commissions), computer internet fees, IBD & WSJ subscriptions, etc go on line 22, subject as you say to the 2% AGI limitation.
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Then all of Sch A is subject to the 3% AGI limitation if your AGI is high enough! ($121,200 for marrieds)
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Colin


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