| Name:
Joe
Title of Question:
Real Estate Taxes on a Mortgage |
|
Question: Can mortgage deductions, be taken out on taxes on the purchase (via loan for investment purposes)of land without a house/stucture on it? |
Post Your Answer To The Question Above:
Name:
Fred
| Date: November 25, 2004, 1:39 pm
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| Answer:
In the majority, if not all of the states, the answer is NO as it is an investment and not your pricipal place of residence. Consult your local tax advisor for additional information. |
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