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From: mmm@ea.UUCP
Newsgroups: net.invest
Subject: Re: Interesting IRA Idea - (nf)
Message-ID: <4700003@ea.UUCP>
Date: Tue, 4-Sep-84 23:22:00 EDT
Article-I.D.: ea.4700003
Posted: Tue Sep  4 23:22:00 1984
Date-Received: Wed, 12-Sep-84 01:39:59 EDT
References: <1031@ucla-cs.UUCP>
Lines: 14
Nf-ID: #R:ucla-cs:-103100:ea:4700003:000:425
Nf-From: ea!mmm    Sep  4 22:22:00 1984

#R:ucla-cs:-103100:ea:4700003:000:425
ea!mmm    Sep  4 22:22:00 1984

Buy low, sell high ... nothing to it!


I heard last year that the IRS wouldn't allow the deduction of
interest on a loan used to finance a tax - free investment, 
including IRA's.  It surprised me when my bank and credit union
started sending crap encouraging me to borrow money, put it in
one of their IRA plans, and deduct the interest on the loan.
What's the latest?  Anybody been involved in a judgement?

						mark m.