Submitted By: someone
Answered: April 19, 2023 4:43 am

Is margin interest deductible against capital gains?

Margin interest may be deductible as investment interest. It is treated as an itemized deduction, subject to a net investment income limitation. Margin interest does not offset capital gains.

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Tax Glossary

Short tax year

A tax year of less than 12 months. May occur with the startup of a business or change in accounting method.

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