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Level 1

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

 
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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.

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Highlighted
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.