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Financial Planning / Tax Strategies


Subject:  Re: debit interest from margin Date:  3/6/2000  2:25 PM
Author:  Crosenfield Number:  31032 of 127753

On Schedule A you can deduct margin interest up to the limit of your investment income.
If the margin interest is more than your investment income, you can carry the balance forward to future years when hopefully you will have more investment income.
If you don't expect to be making income, obviously you should not borrow on margin!
Best wishes, Chris
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