Selling vacant land owned for 30 years. in addition to claiming closing costs, can i deduct the interest i paid over the 10 year note to reduce my capital gains taxes?

[ColeenD3]

No, the interest you paid is not part of the capital gain calculation. You can add the closing costs and possibly real estate taxes, but only for any year you did not pay them.

[Zentastic]

Thank you kindly for reply.