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New Member
posted Jun 5, 2019 11:58:30 PM

I bought land in 2018. It was a vacant lot in a new subdivision. Are any of the fees, title, recording etc tax deductible?

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1 Replies
Expert Alumni
Jun 5, 2019 11:58:32 PM

Unfortunately, if you purchased this land for personal use (not rental property) you will not be able to claim these expenses as a deduction.

You will, however, be able to include these expenses as part of the cost basis in your home that you build.