topic Can closing costs on a land purchase be deducted from my taxes? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-closing-costs-on-a-land-purchase-be-deducted-from-my-taxes/01/439319#M55999 Tue, 04 Jun 2019 22:15:37 GMT LGrnchm 2019-06-04T22:15:37Z Can closing costs on a land purchase be deducted from my taxes? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-closing-costs-on-a-land-purchase-be-deducted-from-my-taxes/01/439319#M55999 Tue, 04 Jun 2019 22:15:37 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-closing-costs-on-a-land-purchase-be-deducted-from-my-taxes/01/439319#M55999 LGrnchm 2019-06-04T22:15:37Z No, but they are added to the basis, so if you sell the l... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-but-they-are-added-to-the-basis-so-if-you-sell-the-l/01/439323#M56003 <P>No, but they are added to the basis, so if you sell the land, it works to your advantage at that time.</P> Tue, 04 Jun 2019 22:15:38 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-but-they-are-added-to-the-basis-so-if-you-sell-the-l/01/439323#M56003 Coleen3 2019-06-04T22:15:38Z