If I get the margin loan to buy shares that would earn dividends, can I claim the interest as deduction? Suppose I got approved for margin loan and I bought shares today, but I would earn dividends later, let's say after 3 months (Aug 2024), can I keep interest as deductions for this year tax return 2023-2024 even though I haven't earned the dividends yet.
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This link explains the deductibility of interest off a loan to purchase shares.
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This link explains the deductibility of interest off a loan to purchase shares.
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