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Level 1
May 3, 2021
Question

If a person doesn't itemize, but has large short-term gains from trading, is the margin interest deductible? If so, where?

  • May 3, 2021
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1 reply

sjrcpa
Level 15
May 3, 2021

Investment interest in this situation is only deductible if they itemize deductions.

The more I know the more I don’t know.