I think what you mean is that you have a vacation cabin that you sold and you want to know if you can deduct the cost of the land associated with it. If so, you can deduct the cost of the land against the sale price to arrive at a gain or loss. If you have a gain you will need to report that on your tax return as income.
If you sell the property at a loss, you cannot deduct it if you used the property for personal purposes, you could only deduct the loss if you purchased the property as an investment or rented it out, with limited personal use.
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