Land - Interest/taxes and the IRS

Hi Everyone,

Great site!

I’m about to buy some land in Florida for building many years from now. Can the mortage interest and reall-estate taxes paid be deducted from my taxes.

Thanks in advance,



This is a grey area in the tax code and your answer depends on several issues. I would suggest that you explain your situation to your accountant and let him/her answer the question for you.