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.

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

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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.

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.

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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.

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.