Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Trying to get my head around the Smith Manouvre

V · 12-16-2009, 12:04 PM

Really, so the interest paid on borrowed money that is used for (let's say) buying and selling penny stocks is not tax deductible? I had always assumed that it was.

12-16-2009, 12:04 PM	#16
V Franchise Player Join Date: Feb 2005 Exp:	Really, so the interest paid on borrowed money that is used for (let's say) buying and selling penny stocks is not tax deductible? I had always assumed that it was.