ERKTAR0422
Level 1
WHAT FORM IS MARGIN INTEREST ENTERED FOR PERSONAL TAX RETURN
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Just-Lisa-Now-
Level 15
Level 15

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♥¸¸.•*¨*•♫♪
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JDELAHUNT
Level 2

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.

Terry53029
Level 14
Level 14

Margin interest that your client paid, is an investment expense. If your clients itemizes, it will be put on 1040 schedule A

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