Jeff Stimpson includes wealth advisor, Ben Barzideh, in a Financial Advisor magazine article about taxes on investment income. Barzideh shares that while investment interest expense is deductible, it’s not impactful for most people. “A very small percentage of people purchase investments using margin, so the deductibility of interest expense is not that relevant. Second, you have to itemize to show that expense, and with the new tax law and the standard deduction doubling, around 90% of Americans will now be taking the standard deduction,” says Barzideh.
