Peverill & Associates Inc.

902-865-6580

Phone: 902-865-6580

​Interest Deductions for Money Invested

If you borrow money to invest you are allowed to deduct the interest on the loan. You have to keep the money invested in order to keep taking the tax deductions for the loan. If you sell the investments, then you cannot continue to deduct the loan interest. This seems fair.

 If you have sold investments and used the money for something else, you may not realize …
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