03-29-2006, 08:29 AM
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 Re: Interest deduction for rental house on 2 lots John wrote: - quote - > I'm buying a rental house and lot for $40,000. The house is
If they adjoin, I see no problem.> on lot 1 and the septic system for the house is on lot 2. > There are no easements. The sewage from lot 1 is discharged > to lot 2 and combining the parcels is not an option. > Can I deduct the interest from the purchase of lot 2 on > Schedule E? Missy Doyle << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#-1
03-26-2006, 04:42 PM
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| Interest deduction for rental house on 2 lots I'm buying a rental house and lot for $40,000. The house is on lot 1 and the septic system for the house is on lot 2. There are no easements. The sewage from lot 1 is discharged to lot 2 and combining the parcels is not an option. Can I deduct the interest from the purchase of lot 2 on Schedule E? Thanks << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| deduction, house, interest, lots, rental |
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