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New Member
posted Jun 6, 2019 6:56:29 AM

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

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1 Best answer
New Member
Jun 6, 2019 6:56:31 AM

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

1 Replies
New Member
Jun 6, 2019 6:56:31 AM

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