turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

rana_lk
New Member

Where can I add interest paid on Margin account for stocks

I have paid this interest to brokrage company as I used Margin account for stock
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
DianeW
Expert Alumni

Where can I add interest paid on Margin account for stocks

Your margin interest can be included with itemized deductions and can be entered by using the steps below.

1. Sign into your TurboTax account (online or desktop)

2. Click the Personal tab at the top of the screen (if you are NOT using TurboTax Home & Business it’s the Federal Taxes tab);

3. Then pick Deductions & Credits and I'll choose what I work on;

4.Scroll down to the Retirement & Investments section 

5. Start or Update  Investment Interest Expenses category.

View solution in original post

2 Replies
DianeW
Expert Alumni

Where can I add interest paid on Margin account for stocks

Your margin interest can be included with itemized deductions and can be entered by using the steps below.

1. Sign into your TurboTax account (online or desktop)

2. Click the Personal tab at the top of the screen (if you are NOT using TurboTax Home & Business it’s the Federal Taxes tab);

3. Then pick Deductions & Credits and I'll choose what I work on;

4.Scroll down to the Retirement & Investments section 

5. Start or Update  Investment Interest Expenses category.

Where can I add interest paid on Margin account for stocks

thanks

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies