HELOC Interest - Land Under Construction

Sunnywinds · Jun 10, 2025 5:21:02 PM

<P>Hi, </P><UL><LI>I'm curious if the interest on a HELOC can be deducted if that land goes under construction for a home that will become the primary residence once complete? I understand that before construction you can't deduct interest, but the way I read the rules it seems like interest could be deducted as soon as the land is improved (construction begins). Thanks!</LI></UL>

Hi,

I'm curious if the interest on a HELOC can be deducted if that land goes under construction for a home that will become the primary residence once complete? I understand that before construction you can't deduct interest, but the way I read the rules it seems like interest could be deducted as soon as the land is improved (construction begins). Thanks!