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

To: Ploni who wrote (6447)	4/7/1998 11:07:00 AM
From: Craig Richards	Respond to of 18691

RE: Margin interest deduction: Check out Form 4952 and publication 550. In general, you're able to deduct investment interest expense against capital gains you made. You can elect to include all or part of your capital gains as investment income and then deduct your investment expense (margin interest) against that income. Both Form 4952 and publication 550 are available on-line from the IRS. This deduction gets added to Schedule A, line 13, so there's no 2% limit, but you do have to itemize your deductions. P. S. If you had a capital loss for the year, you can carry forward the expense to 1998.