MarilynG
Expert Alumni

Get your taxes done using TurboTax

The Investment Interest Expense is an itemized deduction on Schedule A, so you wouldn't be able to claim this if you are using the Standard Deduction.

 

Possibly your state may allow you to take the deduction without itemizing. 

 

Click this link to check your state's Dept. of Revenue site for more info.

 

 

@tacopa

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