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New Member
posted Apr 15, 2025 10:10:05 AM

I purchased land in 2024 that I plan to develop as my personal residence. Where do I add this on my taxes?

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1 Replies
Expert Alumni
Apr 15, 2025 10:12:02 AM

You don't, but keep records of the cost. 

The cost of the land may be needed if your home is sold (after it is built).