I bought a land for investment purpose where I bought a 1 acre lot, there is no timeline to build but there are light restrictions on how to build your house. There close to 100 lots in the community and a clubhouse. I pay taxes at normal rate on the lot valuation and also pay HOA.
This year doing standard deduction is better for me. Considering these info, is there a way I can deduct tax and HOA I pay for this land? Thanks!
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