I FOUND THIS INTEREST ON THE STATEMENTS FROM EDWARD R JONES. I NEED TO KNOW IF AND HOW I REPORT IT.
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Deductible investment interest must be paid on a loan used to buy or hold investments that produce taxable income. Or something like that.
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What did the client do with the money they borrowed on margin?
If they invested it, enter as investment interest.
If they used it for personal purposes, don't enter it anywhere.