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I bought land to build a house in 2007 and never built the
I bought land to build a house in 2007 and never built the house. I was living in another state and couldn't move after I purchased the land because I was taking care of my mother. in 2017 I sold the property. I have paid interest, HOA fees and property tax for 10 years and never itemized any of these expenses. can I itemize these expenses on my 2017 taxes, (now that I have sold the land) and what form would I use? my former tax CPA said that I could use these expenses to "offset" my taxes when I sold. … read more
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