Is a cemetery plot considered real estate? Can I deduct interest paid for the loan?

[ralphie50]

I am buying a cemetery plot on time and I am paying interest.

[RichardK · Accepted solution]

Yes a cemetery plot is real estate, but you can't deduct the interest you pay if it is a personal loan, however if you take out an equity loan against your primary or secondary residence, you may be able to deduct the mortgage interest.

[ralphie50]

Thank you for the answer. I did not get any personal loans to pay the plot. The owner of the cemetery is carrying the loan so I can deduct the interest that I am paying for the plot.