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If you're asking whether you can get a deduction for that, you cannot.
If it's a personal residence, you can deduct only the mortgage interest you paid. Since you didn't have a mortgage, but instead it sounds like you're just renting the land, you can't deduct any of your payment from your taxes.
If you're asking whether you can get a deduction for that, you cannot.
If it's a personal residence, you can deduct only the mortgage interest you paid. Since you didn't have a mortgage, but instead it sounds like you're just renting the land, you can't deduct any of your payment from your taxes.
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KatFen5
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jerry9800
New Member