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| TraderT wrote: - quote - > I have $8000.00 dollars in margin interest this year and
It should carry over to next year on form 4952. See if that> $20,000 in losses. Turbo Tax has not given me any deduction > for the margin interest. I assume this is because there's no > gain to put the margin interest against. Can I enter it on > my sch. A as interest? I have $9421.00 without the margin > interest so far on my Sch A. If I can use it on Sch A, where > do I put it? If not on Sch A then will turbo Tax > automatically carry it over to next year, or do I need to do > it manually? or maybe I just lost it like the rest of my > saving. not a good year. one was filed or processed. We can't answer Turbo Tax questions here, but there is a legitimate tax question, as well. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| TraderT[at]starband.net (TraderT) writes: - quote - > I have $8000.00 dollars in margin interest this year and
No. See if TT is preparing Form 4952.> $20,000 in losses. Turbo Tax has not given me any deduction > for the margin interest. I assume this is because there's no > gain to put the margin interest against. Can I enter it on > my sch. A as interest? Phil Marti Topeka, KS << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| I have $8000.00 dollars in margin interest this year and $20,000 in losses. Turbo Tax has not given me any deduction for the margin interest. I assume this is because there's no gain to put the margin interest against. Can I enter it on my sch. A as interest? I have $9421.00 without the margin interest so far on my Sch A. If I can use it on Sch A, where do I put it? If not on Sch A then will turbo Tax automatically carry it over to next year, or do I need to do it manually? or maybe I just lost it like the rest of my saving. not a good year. Thanks for any help. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| high, interest, losses, margin |
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