To my understanding, costs like interest, need to be...

  1. 128 Posts.

    To my understanding, costs like interest, need to be portionedbased on income not names on the account.

    E.g. if you own 100% of the investments, borrow to buy those investments, andthe loan is 100% in her name, you claim the interest as the deduction needs tobe related to income.

 
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