Can I "write-off the purchase of the vacant land ? I sold a piece of (personal use) land & received a 1099S. I then purchased a piece of land to build a rental property?

[tdcon698]

I sold land but turned that cash into purchasing another piece of property that I intend to use as a rental property.

[Lisa995]

You've got a sale of land to report.   What you did with the money doesn't matter.

As a separate transaction, you've bought a piece of property that will eventually be turned into a be rental property, once you've started renting it, you can start depreciating the rental property and get some deductions for it..

You have nothing to "write off" for 2018