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Author: TMFPMarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121219  
Subject: Re: Deducting Margin Interest in CY2011 Date: 1/10/2011 6:22 AM
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Only the amount of miscellaneous deductions that are greater than 2% of your income can be deducted. If your income is high enough, the margin interest can't be deducted.

Investment interest is deducted in the Interest portion of Schedule A, not the investment expense part of Miscellaneous deductions. It's not subject to the 2% floor.

Phil
Rule Your Retirement Home Fool
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