nrco1961
Returning Member

My margin Interest $30,000.0 but my Dividend income was $20,000.Can I deduct Entire amount of Margin Interest of $30,000.0 from my income or not, Itemized deduction

Margin Interest Charged by My Broker is $30,000. My dividend income is $20,000. I am filing Itemized deduction. Can I deduct entire $30,000 Interest Expense or not.

Please advise