I have a mortgage for land that I intend to build a home on. Can the interest be deducted for the mortgage? ALABAMA'S # TAX SERVICE

You can treat a home under construction as a qualified home for a period of up to 24 months, but only if it becomes your qualified home at the time it is ready for occupancy.  The 24-month period can start any time on or after the day construction begins. As a qualified home, the interest paid within certain limitations may qualify as deductible mortgage interest.

Additional Information:

• Publication 936, Home Mortgage Interest Deduction

MOORE'S SERVICE, LLC

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