ERKTAR0422
Level 1
10-12-2021
06:57 PM
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WHAT FORM IS MARGIN INTEREST ENTERED FOR PERSONAL TAX RETURN
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Level 15
10-12-2021
07:00 PM
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I think theres a spot for it on the 1099DIV additional worksheet when you double click on a dividend entry line....or maybe its the 1099INT additional worksheet.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
JDELAHUNT
Level 2
10-12-2021
07:05 PM
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It goes on the 4952 for investment interest.
After that form determines if it is deductible or not, it Should be automatically transferred to schedule A.
Level 15
10-13-2021
09:36 AM
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Margin interest that your client paid, is an investment expense. If your clients itemizes, it will be put on 1040 schedule A