Here is where in TurboTax you can deduct margin interest you have paid to your stock brokerage firm:
Important Notes:
You can deduct margin interest as an investment interest expense, but there are some important details to keep in mind:
Investment Interest Expense: Margin interest qualifies as an investment interest expense. This type of expense is deductible only to the extent of your net investment income. If your investment interest expenses exceed your net investment income, you must complete Form 4952 to calculate the deductible amount.
For more detailed information, you can refer to the following resources:
[Edited 02/11/2025 |7:47 pm PST] @fahezan
Here is where in TurboTax you can deduct margin interest you have paid to your stock brokerage firm:
Important Notes:
You can deduct margin interest as an investment interest expense, but there are some important details to keep in mind:
Investment Interest Expense: Margin interest qualifies as an investment interest expense. This type of expense is deductible only to the extent of your net investment income. If your investment interest expenses exceed your net investment income, you must complete Form 4952 to calculate the deductible amount.
For more detailed information, you can refer to the following resources:
[Edited 02/11/2025 |7:47 pm PST] @fahezan