Land in front of rental

[astridwilson]

I purchased land in front of my ocean front rental.  The land is unbuildable but purchasing the land insures the view.  is this purchase deductible as an asset of my vacation rental?  Can I claim/use any part of the purchase?

[Anonymous_ · Accepted solution]

Since this is vacant land, there is nothing you can deduct other than any property taxes and interest on any loans you might have taken out to purchase the land.