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May 16, 2021
Question

Can I deduct interest paid on a home construction loan like paying interest on a home loan?

  • May 16, 2021
  • 1 reply
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1 reply

Carl11_2
Employee
May 16, 2021

Maybe. I don't like referencing non-IRS websites that much. But a "basic" (and I mean "VERY" basic) outline can be seen at https://www.nolo.com/legal-encyclopedia/deducting-interest-when-constructing-new-building.html

Also see IRS publication 936, page 4 at https://www.irs.gov/pub/irs-pdf/p936.pdf, "Home Under Construction".