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To: zturk who wrote (11867)4/13/1998 9:00:00 PM
From: Y2k_fan  Read Replies (2) | Respond to of 27968
 
I don't think that margin interest is tax-deductible.

Is the law changed?



To: zturk who wrote (11867)4/13/1998 9:07:00 PM
From: Double Dipper  Respond to of 27968
 
Scatter,

There is an income tax thread on SI, GO TO: INCOME TAXES
they have been helpful to me in the past.

Kevin



To: zturk who wrote (11867)4/13/1998 9:30:00 PM
From: ElGator  Read Replies (1) | Respond to of 27968
 
Margin interest is tax deducible to the extent that you have non-tax exempt investment income, i.e., interest, dividends. Capital gains/losses reported on Schedule D are generally not considered in "investment income." For more information, go to IRS website and download Publication 550. This topic is covered in Section 3, starting on page 29.

Hope this helps.


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