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Thanks for the reply.

I have of course completed the Return giving the interest and dividend incomes transferred from my broker's statement electronically by Turbotax. I have also the Schedule-D prepared by TT. What I was wondering is if do not have sufficient income from interest and dividend but have more than enough long term gains from my portfolio (as a whole), then will that allow me to use the margin loan interest in full for itemized deduction, no matter which shares I purchased with the margin loan.

You have mentioned that in your reply but I just wanted to make sure as in the articles I consulted before asking this question only the interest and dividend incomes were mentioned.

Thanks again.
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