Where do i file investment fees and expenses

[nickdavis07]

I took out a margin against my investments and incurred interest on the margin, where do I enter this information?

[DS30]

Yes, you can that a deduction for this interest as an investment interest expense.

To enter your investment interest expense in TurboTax Online (for TurboTax Online sign-in, click Here , then select "Take Me to My Return") or Desktop, please follow these steps:

1. Once you are in your tax return, click on the “Federal Taxes” tab
2. Next click on “Deductions & Credits”
3. Next click on "jump to full list" or “I’ll choose what I work on”
4. Scroll down the screen until to come to the section “Retirement and Investments”
5. Choose "show more", then Investment Interest Expenses and follow the onscreen instructions