cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 1

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

 
1 Best answer

Accepted Solutions
Level 1

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
Level 1

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