Thanks for your input. He has written a separate change order saying that I am paying him outside the purchase price of the house for reimbursing him for the interest he is paying for the construction loan. I thought since it is separate and he has written it as such, that it would be deductible to me. I keep getting conflicting information. I already asked a real estate tax accountant who said the way it was written and not included in purchase price as clearly states it is for interest on construction loan it was deductible. Now I am not sure what to believe.
