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This IRC stuff is really starting to bug me!
Okay, if the mortgage angle or the house as investment angle aren't kosher, can I just deduct the margin interest I'm being charged due to holding my stock position? I continue to hold my stock position, have taken on a margin loan to do so, am being charged margin interest that exceeds the dividends being collected. The value of the stock being margined has appreciated since taking on the margin loan and I plan on holding this Blue Chip position indefinitely.
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