topic Selling vacant land owned for 30 years. in addition to claiming closing costs, can i deduct the interest i paid over the 10 year note to reduce my capital gains taxes? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/selling-vacant-land-owned-for-30-years-in-addition-to-claiming-closing-costs-can-i-deduct-the/01/2099864#M197198 Wed, 17 Mar 2021 18:46:58 GMT Zentastic 2021-03-17T18:46:58Z Selling vacant land owned for 30 years. in addition to claiming closing costs, can i deduct the interest i paid over the 10 year note to reduce my capital gains taxes? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/selling-vacant-land-owned-for-30-years-in-addition-to-claiming-closing-costs-can-i-deduct-the/01/2099864#M197198 Wed, 17 Mar 2021 18:46:58 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/selling-vacant-land-owned-for-30-years-in-addition-to-claiming-closing-costs-can-i-deduct-the/01/2099864#M197198 Zentastic 2021-03-17T18:46:58Z Re: Selling vacant land owned for 30 years. in addition to claiming closing costs, can i deduct t... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-selling-vacant-land-owned-for-30-years-in-addition-to-claiming-closing-costs-can-i-deduct-t/01/2100000#M197215 <P>No, the interest you paid is not part of the capital gain calculation. You can add the closing costs and possibly real estate taxes, but only for any year you did not pay them.</P> Wed, 17 Mar 2021 19:01:25 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-selling-vacant-land-owned-for-30-years-in-addition-to-claiming-closing-costs-can-i-deduct-t/01/2100000#M197215 ColeenD3 2021-03-17T19:01:25Z Re: Selling vacant land owned for 30 years. in addition to claiming closing costs, can i deduct t... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-selling-vacant-land-owned-for-30-years-in-addition-to-claiming-closing-costs-can-i-deduct-t/01/2106351#M197767 <P>Thank you kindly for reply.</P> Thu, 18 Mar 2021 21:34:21 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-selling-vacant-land-owned-for-30-years-in-addition-to-claiming-closing-costs-can-i-deduct-t/01/2106351#M197767 Zentastic 2021-03-18T21:34:21Z