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jasoos007
Feb 9, 2008, 10:08 AM
Dear All,

Once again I am in need for help. The question is very simple.. can I deduct the interest I pay on my margin brokerage account. How about if I don't itemize my deduction ?

Thanks
:confused:

AtlantaTaxExpert
Feb 13, 2008, 03:16 PM
To claim that margin interest, you MUST itemize. Otherwise, you lose it.