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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: farrark. who wrote (944)	4/5/1998 5:06:00 PM
From: Colin Cody	Respond to of 5810

I understand that Margin interest is deductible YES IF USED TO ACQUIRE AND HOLD ON TO TAXABLE INVESTMENTS, but on what form FORM 4952 and SCHEDULE A Is it added to cost basis of stock - NO if you borrow money other than margin(Credit card, etc,) to buy stock, is this interest deductible as well, and where is it deductible, (what form) SAME AS MARGIN RULES. also, do you list all trades ALL YOUR SALES ARE LISTED losses and gains, or do list the end result. EACH AND EVERY ONE Also is $3000 the max. loss you can report for one year and can all the rest be used in the following year to offset gains YES or are you limited to $3000per year/ ???or? YES, AGAIN