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Deductibility of closing costs and interest on construction loan.
In early 2017, I purchased land out of state. Later in 2017, I took out a construction loan that converts to a mortgage later this year when construction is complete. I plan to move to this new house in 2019. Am I able to deduct the interest payments and closing costs for 2017 and will I need to file a return in this other state?
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‎June 4, 2019
10:52 PM