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,
Cuco
Cuco,
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.
Wilson