Can I deduct any interest payments on a loan secured by stock holdings?

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Can I deduct any interest payments on a loan secured by stock holdings?

That depends on what you bought with the loan proceeds. If you used the loan to purchase more stocks or other investment assets, the interest is deductible as investment interest. If you spent the money on personal expenses, a home remodeling project, for example, the interest is not deductible.

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Can I deduct any interest payments on a loan secured by stock holdings?

That depends on what you bought with the loan proceeds. If you used the loan to purchase more stocks or other investment assets, the interest is deductible as investment interest. If you spent the money on personal expenses, a home remodeling project, for example, the interest is not deductible.