using investment interest

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Subject Author Date using investment interest researcher 07-06-2009  Re: using investment interest Arthur Kamlet 07-06-2009
Posted by researcher on July 6, 2009, 2:30 pm Please log in for more thread options Can investment interest be utilized to offset a 1099C -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Arthur Kamlet on July 6, 2009, 3:28 pm Please log in for more thread options >Can investment interest be utilized to offset a 1099C There's no connection between the two. Investment interest, but not more than the amount of investment income that is taxed as ordinary income, can be deducted on Schedule A. -- ArtKamlet at a o l dot c o m Columbus OH K2PZH -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Similar Threads Posted Investment Interest March 6, 2007, 5:44 am Investment margin interest deduction April 14, 2006, 4:04 am Form 4952 (investment interest expense deduction) question April 1, 2009, 3:25 pm difference between adding short dividends to cost basis or investment interest January 22, 2008, 5:41 pm Can mortgage interest paid to a foreign lender be considered portfolio interest (tax exempt)> March 10, 2007, 1:06 am Tax on Investment to an LLC? May 19, 2009, 8:32 pm EIC and Investment income February 8, 2007, 7:58 am Need Advice on 2nd RE Investment March 6, 2007, 5:44 am Out of State Investment March 12, 2007, 4:54 am Form 6251- Line 4 of Home Mortgage Interest Adjustment Worksheet, accounting method needed to determine a HELOC interest usages. October 16, 2008, 10:51 am