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Updated almost 3 years ago,

George Habator's profile image
George Habator's profile image
George Habator
  • Member since Jan 4, 2022
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25
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7
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George Habator's profile image
George Habator's profile image
George Habator
  • Member since Jan 4, 2022
Connect
George Habator
7
Votes |
25
Posts
Tax, SDIRAs & Cost Segregation

Expense land costs on taxes

George Habator
Posted

Hi, all.
I bought a condemned house to knock down, as an investment. I had closing costs and demo costs. Right now, its just a lot. What can i expense on my taxes?
Also, if at some point i decide not to sell the property or build as an investment but instead to build my primary residence on it, are there any tax restrictions, issues, etc?
Thanks

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