I bought a vacant land for development. So far I have incurred expenses only (property Tax, survey, architectural cost) can I write these expenses off? If so where?

[Gojo]

Where in turbo tax do I enter these expenses

[DianeW777]

No. The expenses will be included as part of the cost basis with the exception of the property tax. If the property is placed in service for use in a business activity at some point then you may be allowed to use 'start-up' expenses for the regular expenses.  The cost basis will be used to offset gain should there be a sale in the future. Depending on what you plan to develop will determine expenses or capital costs in the future.

• Start-up Business Tax Tips