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URL:  http://boards.fool.com/-can-i-deduct-margin-interest-as-mortgage-11470164.aspx

Subject:  Re: interest deduction Date:  11/4/1999  5:36 PM
Author:  hghcpa Number:  20517 of 121061

. Can I deduct margin interest as mortgage interest
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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.

Pete
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