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On 1099B under ' RECONCILIATION, FEES, EXP. AND EXPENDITURES' there is $1950 for Fees & Expenses- Margin interest.
Where does this go on form 1040/ 1099B?
Can this be deducted.
Thank you.
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Try form 4952 Investment Interest Expense - It might work there, but it's been so long since I have used it I can't be sure with out reading up on it - but that's where I would start looking.
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If it’s a consolidated 1099 double click on the line on Schedule B that you entered the dividends and it will open a worksheet where you can put margin interest