How is margin interest treated in individual income tax calculations?

Discussion in 'Taxes and Accounting' started by dancalio, Nov 17, 2008.

  1. dancalio

    dancalio

    Is it deducted/added from your total profit/loss (as it should be)?

    Or do you have to pay it as an additional fee that isn't deducted (as it possible under an arbitrary tax policy)?

    Thanks.
    Daniel
     
    #1     Nov 17, 2008
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  2. jeb9999

    jeb9999

    It is all explained in IRS Publication 550 - Investment Income And Expenses.
     
    #2     Nov 17, 2008
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