i purchased a vacant lot, land only, no buildings. No intended purpose yet.
Owner took a seller buyback mortgage set up when we went to settlement.
Is the mortgage interest I pay the previous owner deductible to me?
If so, where is this entered in Turbo tax?
It is not my second home, only land.
I assume they have to declare the P&I I pay them as income, correct?
State of Maryland in 2024.
