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Level 1
posted Aug 3, 2022 5:46:30 PM

Margin Interest Deduction for Buying into LLC

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

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1 Best answer
Level 15
Aug 3, 2022 7:13:00 PM

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 

2 Replies
Level 15
Aug 3, 2022 7:13:00 PM

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 

Level 1
Aug 5, 2022 11:40:56 AM

Thank you for your reply.