Hi all, If I have a margin loan, when I sell shares am I able to direct where the proceeds go? ie can they be paid into a CMT and then I repay the amount in the margin loan which was initially used to purchase that stock. Probably easier to explain with an example. Lets say I have $50K cash and am going to margin loan another $50K. Total of $100K. I am going to buy 5 stocks $20K in each. Stock 1 $20K Stock 2 $20K Stock 3 $20K Stock 4 $20K Stock 5 $20K Lets say after 12 months the margin loan is now about $55K (as I have been capitalising interest) and the stocks are valued as possible. Stock 1 $50K Stock 2 $30K Stock 3 $25K Stock 4 $27K Stock 5 $22K Lets say I wish to sell out of Stock 1. Proceeds will be $50K. What I would like to do is pay out $10K into margin loan and take the $40K to do with as I please. I figure that I only used $10K from the margin loan to buy this stock so that is all I wish to put back into the margin loan and would like the rest to go into a CMT for personal use. How ever if the proceeds go into the margin loan, the balance would be paid down to $5K - and then I redraw the $40K out of the margin loan into my personal account - taking the margin loan upto $45K. Isn't that going to look like I have withdrawn $40K for private purposes and make that portion of the loan non deductable? I hope that explains what I am trying to do. Any suggestions?