Hello!
Congratulations on the construction of your new home!
You can deduct the interest on your construction loan if the loan was secured by the property you moved into which is your case!
You can treat a home under construction as a qualified home for a period of 24 months , but only if it becomes your primary home a the time it is ready for occupancye. The 24 month period can start any time on or after the date that construction begins.
Mary, tax expert
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