Family member lends another member $20,000. The lender allows the borrower to "pay down" the principal and interest through annual gifts of $10,000. If the loan's purpose was to cover broker margin calls is the borrower allowed to deduct the annual interest portion as an investment expense on the 1040?
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings E