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Submitted By: someone
Answered: April 19, 2023 4:43 am
Answered: April 19, 2023 4:43 am
Is margin interest deductible against capital gains?
Margin interest may be deductible as investment interest. It is treated as an itemized deduction, subject to a net investment income limitation. Margin interest does not offset capital gains.
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Tax Glossary
Appreciation in value
Increase in value of property due to market conditions. When you sell appreciated property, you pay tax on the appreciation since the date of purchase. When you donate appreciated property held long term, you may generally deduct the appreciated value.
