Can I offset capital gains with margin interest? if so, how do I do it? I'm completing my return online and I don't seem to be given the option.

jackhooven · ‎June 5, 2019

LudwigVan_fan · ‎June 5, 2019

No, you can't offset capital gains by margin interest.

Margin interest is investment interest expense. Deductible on Sch A. So you need to itemize deductions. Investment interest expense also has limitations on the amount. (limited to NET investment income)

See Publication 550

https://www.irs.gov/publications/p550/ch03.html#en_US_2016_publink100010207

**Disclaimer: Effort has been made to offer correct information; but due to the discussion forum limitations, the poster disclaims any legal responsibility for the accuracy of the poster's response**

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Can I offset capital gains with margin interest? if so, how do I do it? I'm completing my return online and I don't seem to be given the option.

Can I offset capital gains with margin interest? if so, how do I do it? I'm completing my return online and I don't seem to be given the option.

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Can I offset capital gains with margin interest? if so, how do I do it? I'm completing my return online and I don't seem to be given the option.

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