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If the entire proceeds of the loan were used to buy stock then the interest is deductible. You enter that using the "Investment Interest Expenses" under the "Deductions & Credits" tab. You can only deduct 2016 interest on a 2016 income tax return.
Tom Young
If the entire proceeds of the loan were used to buy stock then the interest is deductible. You enter that using the "Investment Interest Expenses" under the "Deductions & Credits" tab. You can only deduct 2016 interest on a 2016 income tax return.
Tom Young
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