The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/on-thu-24-apr-97-140218-0600-dmeredit-wrote-10002242.aspx

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