Can you deduct interest on a construction loan for a house that isn't completed yet?

I am building a manufactured home and have had an existing, interest-only construction loan since November 2021. However, due to supply/logistical issues, the house has not even begun construction and will not be complete until February 2023. Just wondering if I can deduct the interest on my taxes?

posted

You can treat a home under construction as a qualified home for a period of up to 24 months, but only if it becomes your qualified home at the time it's ready for occupancy. The 24-month period can start any time on or after the day construction begins. As a qualified home, the interest paid may qualify as deductible mortgage interest.