What is investment interest?
Menu Path: Deductions/Credits > Itemized Deductions > Investment Interest
Investment interest is interest paid on margin accounts or interest paid on loans used to buy or carry investments. For example, if you get a margin loan through your brokerage account and use it to buy more stocks, then the interest you pay is investment interest. Another example would be if you bought land to hold as an investment; the interest expense you pay on the loan to obtain the land is investment interest.
Enter your investment interest on the Deductible Investment Interest screen.
Investment interest is interest paid on margin accounts or interest paid on loans used to buy or carry investments. For example, if you get a margin loan through your brokerage account and use it to buy more stocks, then the interest you pay is investment interest. Another example would be if you bought land to hold as an investment; the interest expense you pay on the loan to obtain the land is investment interest.
Enter your investment interest on the Deductible Investment Interest screen.
