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Old 04-08-2008, 10:39 AM
bookkeeping bookkeeping is offline
Junior Member
 
Join Date: Jan 2007
Posts: 21
Can the mortgage interest on Land intended to build a 2nd Home be deductible?

I already owe a primary residence but I have a second mortgage for a plot of land that I intend to build a 2nd home on.

Would I be able to deduct the interest on the second mortgage?

BTW, nice change on the Site!
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