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New Member
posted Jun 3, 2019 4:26:50 PM

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

0 2 1460
1 Best answer
Expert Alumni
Jun 3, 2019 4:26:51 PM

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.

2 Replies
Expert Alumni
Jun 3, 2019 4:26:51 PM

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.

Level 2
Feb 11, 2023 1:28:48 PM

thanks