Welcome Guest. Register Now!  

LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 02-15-2011, 04:04 AM
Junior Member
Join Date: Apr 2010
Posts: 3
Deduct margin interest?

In 2010 I made about $50,000 in the stock market and paid about $2500 in margin interest. I know I can deduct the margin interest on Schedule A, but I don't file a Schedule A, because I don't own a house and have few medical expenses. Is there anywhere else I can deduct margin interest from my earnings or capital gains? It would seem to be logical that I could, since it literally lessens my profit. Thanks in advance -- Ken Glantz

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
LLC Deduct Health Insurance Premium SandiJ Limited Liability Company 1 02-01-2011 02:42 AM
How can I increase basis in an LLC to be able to deduct my losses? Leah Limited Liability Company 1 04-06-2008 04:20 PM
What is the maximum amount a taxpayer can deduct as student loan interest? vanngo Miscellaneous 1 12-07-2007 01:30 AM
Itemizers Can Deduct Certain Taxes Samatg General 0 03-15-2007 07:59 PM
What is the highest margin taxes for individuals? Daso Income 1 01-29-2007 04:47 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 » Income
 » IRA/Sep
 » Medical
 » Payroll
Forum for CPAs
Financial Planning