The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: interest deduction Date:  11/4/1999  5:36 PM
Author:  hghcpa Number:  20517 of 127549

. Can I deduct margin interest as mortgage interest

No - qualifed residence interest (mortgage interest) must be secured by the property subject to the mortgage.

BTW - Reading your post I also think that perhaps the "tracing rules" related to deductible investment interest will preclude you from claiming the margin interest as investment interest - since you did not use the proceeds to finance your investments.

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us