Deductions & credits
@LostSoul1 wrote:
.....one could recategorize qualified dividends as regular dividends so they can offset margin interest: can only a part of the qualified dividends be recategorized, to the extent margin loan deduction use could be optimized? How would one make such as request on the tax forms and get the deduction.
Yes, you can allocate qualified dividends as ordinary to offset that part of the interest expense that would not otherwise be deductible.
In TurboTax, you would make the allocation in the Investment Interest Expenses section under the Deductions & Credits tab
