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New Member
posted Feb 19, 2023 8:56:52 AM

How do I enter Margin Fees?

Where do I enter Margin Interest fees?

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2 Replies
New Member
Feb 19, 2023 9:02:27 AM

From what I can tell, you report it on Schedule A, Itemized Deduction, using Form 4952, Investment Interest Expense Deduction.  Hope this helps and good luck!  

Expert Alumni
Feb 19, 2023 10:55:54 AM

Margin Interest is deductible as an Investment Interest Expense.

 

To input your Investment Interest Expense:

  1. Go to Federal Taxes
  2. Deductions & Credits
  3. Scroll to Retirement and Investments 
  4. Select Investment Interest Expense
  5. Follow the interview.

Types of interest deductible as itemized deductions on Schedule A (Form 1040, Itemized Deductions) include:

  • Investment interest (limited to your net investment income) and
  • Qualified mortgage interest including points (if you're the buyer)

   Also see: IRS Topic No. 505 Interest Expense