Skip to main content
Level 3
April 4, 2024

Deductions for land held for investment.

  • April 4, 2024
  • 2 replies
  • 7 views

If my client holds a piece of investment property for multiple years how can they deduct the interest and taxes paid during the hold period?

    2 replies

    sjrcpa
    Level 15
    April 4, 2024

    Itemize deductions - investment interest and real estate tax

    The more I know the more I don’t know.
    BobKamman
    Level 15
    April 4, 2024

    Or they can elect to capitalize.  See IRC Section 266.