I purchased a lot in 2017 on which I will start construction in 2018 to build a second home. Can I deduct the origination fee and the interest paid on the lot loan?

posted

Connect with an expert

1 Reply

I purchased a lot in 2017 on which I will start construction in 2018 to build a second home. Can I deduct the origination fee and the interest paid on the lot loan?

Yes, please see ''Lots for Personal Construction'' in the answer below. https://ttlc.intuit.com/replies/4914160

Still have questions?