MinhT1
Expert Alumni

Home loans

You cannot deduct the loan interest on the empty lot.

 

But you can deduct property tax on your home and any property you own in the US.

 

Beginning in 2018, the total amount of deductible state and local income taxes, including property taxes, is limited to $10,000 per year.

 

Please read this TurboTax article for more information.

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