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Tax planning - Converting a taxable portfolio to tax-exempt and then borrowing more.?

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  • Tax planning - Converting a taxable portfolio to tax-exempt and then borrowing more.?


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Answer #1 | 19/12 2013 20:04
Get irs publication 550 and read it. Hint, the interest expense must be allocated to how the money is used. Just because you pay interest doesn't mean you can deduct any of it. Since this is NOT a homework board, you must do your own research in order to learn. You are wasting a lot of time posting homework (god forbid if this is a test) here. You can't trust any of the answers unless you verify it in an the IRC or an IRS publication.

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