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Margin Loan
Margin Loan
What are the tax advantages of having a margin loan? I currently have a margin balance of $30,000 and pay about $220 a month in interest. Since my dividend income exceeds that annually, I deduct the margin interest on my taxes.The majority of the dividend income is reinvested but the remainder goes toward paying down the margin loan.
Is it better to carry a zero margin balance and bank the dividend income or should I carry on using it as a deduction?
What are the tax advantages of having a margin loan? I currently have a margin balance of $30,000 and pay about $220 a month in interest. Since my dividend income exceeds that annually, I deduct the margin interest on my taxes.The majority of the dividend income is reinvested but the remainder goes toward paying down the margin loan.
Is it better to carry a zero margin balance and bank the dividend income or should I carry on using it as a deduction?
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Comments
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This is a UK site, and here we dont do messy margin loans!!0
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Strong smell of fish.....
This new OP has made 10 posts on completely different boards in the space of 90 minutes.
How many posts do you need to make before you can start spamming the forum with embedded URLs?Optimists see a glass half full
Pessimists see a glass half empty
Engineers just see a glass twice the size it needed to be
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