If I purchase ranch land in Nebraska and lease it out can I deduct the interest I pay on the loan?

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If I purchase ranch land in Nebraska and lease it out can I deduct the interest I pay on the loan?

Yes, loan interest is a deductible expense for a landlord/lessor.

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If I purchase ranch land in Nebraska and lease it out can I deduct the interest I pay on the loan?

Yes, loan interest is a deductible expense for a landlord/lessor.

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