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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Agamemnon who wrote (6442)4/7/1998 10:56:00 AM
From: Ploni  Read Replies (1) | Respond to of 18691
 
Can the margin interest be deducted from regular interest on sched B?

Where does this margin interest show up? I have an item 1E, "Investment Expenses," on my 1099, but don't know if that's margin interest or what it is. The back of the form says that this item 1E (whatever it is) must be included in the "other expenses" line on Schedule A, which is subject to the 2% limit (and thus worthless for 99.9999999999% of people).


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