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

 
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New Member

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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New Member

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

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