Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Don't yell at me, I know I did a bad thing but it worked out. I have good credit and started getting offers for 2.9% 6 mo. loans with no transaction fee. I couldn't resist and took 20,000 bucks and used it to buy stocks. I know you can deduct margin interest can I deduct the credit card interest against my gains?

If you can track the interest to your investments, you can treat it as investment interest. See IRS Publication 550.

Phil Marti
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.