Message Font: Serif | Sans-Serif
No. of Recommendations: 1
<<What is the tax schedule I need to get for debit interest - money I paid to borrow on margin - so I can get credit for it. >>

As Phil points out, you are really talking about the itemized deduction for investment interest. You can read more about how investment interest works in the Taxes FAQ area. You'll want to review IRS Form 4952 and the corresponding instructions for additional information.

TMF Taxes
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.