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Bill988
New Member

How/where do I enter stock brokerage margin interest expense and broker commissions?

how/where do I deduct stock margin interest expense?
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ToddL99
Expert Alumni

How/where do I enter stock brokerage margin interest expense and broker commissions?

You must itemize your deductions on Schedule A in order to claim these expenses. You can deduct only the portion of these and other miscellaneous expenses that exceed 2% of your adjusted gross income (AGI).

 

To enter the interest go to:

  1. Deductions & Credits
  2. Scroll down to Retirement and Investments
  3. Select Investment Interest Expenses

 

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1 Reply
ToddL99
Expert Alumni

How/where do I enter stock brokerage margin interest expense and broker commissions?

You must itemize your deductions on Schedule A in order to claim these expenses. You can deduct only the portion of these and other miscellaneous expenses that exceed 2% of your adjusted gross income (AGI).

 

To enter the interest go to:

  1. Deductions & Credits
  2. Scroll down to Retirement and Investments
  3. Select Investment Interest Expenses

 

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