Hi,
I took a loan against my brokerage account to purchase a passive interest in a multi-member real estate syndication LLC. Am I able to deduct the full amount of the margin interest I paid as a business expense (instead of an investment expense)?
Thanks,
Rob
Investment interest expense is tax-deductible in some circumstances, but not when used for passive ventures, such as investing in a business that the taxpayer owns, but does not actively manage. so in your situation, it retains its character as investment interest
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