I think it is better to ask now to get a handle what comes down the road - December cy2011.That road has no curves. The only way to deduct margin interest is on Schedule A. So I suggest you stop fretting about it since, as you noted, it's silly to chase deductions. The one exception is if you amped up your charitable contributions. You'd still be out money, but it would be going to a good purpose.PhilRule Your Retirement Home Fool
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