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How do I deduct for margin interest?
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Margin Interest is deductible as Investment Interest Expense.
To input your Investment Interest Expense in TurboTax Premier/Deluxe:
- Click the Federal Taxes tab
- Click Deductions & Credits
- Scroll down to the Retirement and Investments section
- Click the blue Show More in this section
- Click Start (or Revisit) next to Investment Interest Expense
Please see attachment for reference.
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