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Deductions & credits
What if the land is intended for a house you want to rent/sell?
I purchased a land in Jan 2020 and paid a company to build a house. The construction started in September 2020 and it is about to be completed in a few weeks.
Can I write off:
- the amount I paid for the land?
- the amount I paid to the construction company?
Thanks
‎April 9, 2021
7:18 PM