Announcement

Collapse
No announcement yet.

Margin Interest

Collapse
X
Collapse
 
  • Page of 1
  • Filter
  • Time
  • Show
Clear All
new posts
Previous template Next
    #1

    Margin Interest

    Can I deduct margin interest on Form 1041? Where? Misc 2%? And, if you use Profx, where do I enter it? This is the first time this client has had margin interest in her trust.
    Tags: None
    #2
    Start with Form 4952

    From there, it usually flows to Line 10 of the 1041. But see instructions for Form 4952.
    Evan Appelman, EA

    Comment

      #3
      Thanx. I was having a senior moment.

      Comment

      Previous template Next

      Disclaimer

      Collapse

      This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

      Working...
      X