Can Freddie mac Loan interest for land be use as a deduction?

boydg121 · ‎January 28, 2026

This property has two cabins on it and it used as a vacation property. Not a rental property.

DavidD66 · ‎January 28, 2026

Probably. The IRS lets you deduct your mortgage interest, but only if you itemize deductions.

In addition to itemizing, these conditions must be met for mortgage interest to be deductible:

The loan must be secured by the property/cabins.
The home with the secured loan must have sleeping, cooking, and toilet facilities.
The debt can’t exceed $750,000 (or $1,000,000 if the loan was taken before December 16, 2017) in order to deduct 100% of the interest.
You or someone on your tax return must have signed or co-signed the loan.

For more information see the following:

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DavidD66 · ‎January 28, 2026

Probably. The IRS lets you deduct your mortgage interest, but only if you itemize deductions.

In addition to itemizing, these conditions must be met for mortgage interest to be deductible:

The loan must be secured by the property/cabins.
The home with the secured loan must have sleeping, cooking, and toilet facilities.
The debt can’t exceed $750,000 (or $1,000,000 if the loan was taken before December 16, 2017) in order to deduct 100% of the interest.
You or someone on your tax return must have signed or co-signed the loan.

For more information see the following:

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"