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Deductions & credits
No, interest from mortgage payments, property taxes, and annual HOA can not be added to your basis.
You can add to your basis the closing costs from the purchase of the land and the closing costs from the sale of the land.
Here is a link to Publication 530 with tax information for homeowners. Scroll down the Table of Contents to "Basis".
March 13, 2022
2:22 PM