The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  https://boards.fool.com/bill-you-have-been-most-helpful-thank-you-for-34828450.aspx

Subject:  Re: Interest paid to broker on margin loan Date:  5/9/2021  7:29 PM
Author:  alphab Number:  132656 of 132878

Bill, you have been most helpful. Thank you for the confirmation that TT calculated the numbers correctly.

As it happens, I had quite a large short term capital gain which was more than enough to cover the interest deduction. I think in this case there is no need to do the alternative calculations you suggest. Even if I wanted to do it (say, for a future year) where do I make this decision? TT did not ask me, unless I missed it, and used the default option.

Cheers

alpha
Copyright 1996-2021 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us