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So here's my problem. Now that I realize it, I was foolish (small 'f') to do it this way, so I'm trying to recover.

I took a margin loan against my securities and used it for something OTHER than buying more securities (nothing so foolish as a trip to Europe or anything.)

Anyway, I'd like to turn that margin loan into an "investment loan". Can I sell some of my stocks to pay the margin back, then take another margin loan to buy back my securities? At that point, I've used the margin to buy securities, so the interest becomes deductible. Are there any limitation to doing this, like I can't buy back the same security I sold for 32 days (I confess I'm not fully up to speed on wash rules, but suffice it to say that I don't have any current losers to sell.)

Thanks for any help.
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