707668

Can i write off my down payment money i used toward purchasing investment vacant land in 2016

posted

Connect with an expert

1 Best answer

Accepted Solutions

Can i write off my down payment money i used toward purchasing investment vacant land in 2016

No. That's your investment or basis in the land. That's not deductible. You can deduct the mortgage interest and real estate taxes.

View solution in original post

1 Reply

Can i write off my down payment money i used toward purchasing investment vacant land in 2016

No. That's your investment or basis in the land. That's not deductible. You can deduct the mortgage interest and real estate taxes.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post