The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Margin Interest||Date: 4/25/1997 1:57 PM|
|Author: TMFTaxes||Number: 6 of 124647|
On Thu, 24 Apr 97 14:02:18 -0600, dmeredit wrote:
I will probably be incuring significant (in the hundreds of dollars) in margin interest this year. I did this as I wanted to get into certain stocks earlier in the year, in anticipation of my bonus (which has since paid off most of the interest).
My question is, if I make no short term capital gains this year, how can I get the tax advantage for the margin interest. Last year I made some ST capital gains and was able to offset some of these with the margin interest, but I understand that it is different for LT Capital Gains.
Also, if I made some ST capital loses, can these be used to offset against my personal income or only against other short term capital gains.
Thanks for any help.>>
Understand that Investment Interest is an animal in