If all of my margin interest ia carried forward to next year, will i be able to deduct it from qualified dividends then
Yes, any unused amount can be applied to future tax years. As long as you have enough investment income to apply the expense the deduction is allowed. You can apply qualified dividends to margin interest as well.
If all of my margin interest ia carried forward to next year, will i be able to deduct it from qualified dividends then
Yes, any unused amount can be applied to future tax years. As long as you have enough investment income to apply the expense the deduction is allowed. You can apply qualified dividends to margin interest as well.
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