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My margin interest paid at my broker exceeds the standard deduction. why is turbotax not letting me deduct the full margin interest paid?
above pretty much explains it. i don't know why i can't itemize my full margin interest expense
my net investment income exceeds my margin interest by about 2,000 USD.
i took a net capital loss in 2022, but I have dividends & interest income.
But it just seems to me i should be able to use the full margin interest paid against the net investment income, because it the margin interest paid exceeds the standard deduction
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‎April 1, 2023
11:32 AM