My husband as an employee of Publix bought additional stock in the company by acquiring a loan thru Publix credit union. Is the interest on that loan deductible?
If the entire proceeds of the loan were used to buy stock then the interest is deductible. You enter that using the "Investment Interest Expenses" under the "Deductions & Credits" tab. You can only deduct 2016 interest on a 2016 income tax return.
