Can I deduct interest on a loan for the purchase of raw land as a second home if I have placed a travel trailer on the land? We purchased the trailer in cash.

[ken_usna]

We do not have a loan on the trailer, but it does have cooking, sleeping, and toilet facilities.

[DS30 · Accepted solution]

Yes - you will be able to claim the loan interest on this land because your land has a qualified home (qualified homes have eating, sleeping and bathroom facilities) situated on the property.