I secured some land in July 2020 and started building my only home on it in late 2020. We moved into the home in May 2021 after we got a certificate of occupancy. I secured a loan from my financial advisor to use as a construction loan but it was secured by my financial assets. I did not get a 1098 from my financial advisor in 2021 for the money I used for construction in 2020 and do not anticipate one for 2021. I have kept up with that interest and have paid it every month. I have not converted that loan to a mortgage yet either but plan to do so in early 2023. Can I deduct the interest I have paid on that loan during 2022 from my taxes on Schedule A when I file my 2022 taxes?
