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.PhilRule Your Retirement Home Fool
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. M