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Category: Finding Deductions
What is "investment interest"?
Investment interest is interest that was paid on money that you borrowed to buy property that is held for investment. If you paid this type of interest, you may be eligible for a deduction.
Examples of this type of interest include:
- Interest that you paid on securities in a margin account
- Interest you paid on a loan that you took out to invest in a business with someone else
- Interest you paid on a loan that you used to buy stocks