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Hi,

If I carry over $5000 in margin interest to next year, can I use all of it as a deduction in 2001? This is assuming that I will have at least $5000 in short term capital gain income.

Thanks

- Masia
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No. of Recommendations: 2
If I carry over $5000 in margin interest to next year, can I use all of it as a deduction in 2001? This is assuming that I will have at least $5000 in short term capital gain income.

Yes. See line 2 of Form 4952.

Phil Marti
VITA Volunteer
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