My stock account got so much margin interesting charge, can I deduct from my stocks gain or any other income? How?

[wchien2020]

My stock account got so much margin interesting charge, can I deduct from my stocks gain or any other income?
How?

[KathrynG3]

It depends on whether the stock was sold. Once it is sold, then the costs can be deducted. To do this in TurboTax,

• From the Wages & Income section, scroll down to Investment Income and select Show More 
• Stocks, Mutual Funds, Bonds, Other (1099-B) and Start
• Follow through the rest of the interview to enter your details

For more details, see How is a capital gain or loss calculated?

[Critter-3]

https://turbotax.intuit.com/tax-tips/investments-and-taxes/what-is-form-4952-investment-interest-exp...

https://www.irs.gov/pub/irs-pdf/f4952.pdf