Top
Browse > Home / Project Financing / can construction loan interest be a credit on line 54 of a 1040?

can construction loan interest be a credit on line 54 of a 1040?

December 31, 2008

construction loan


we are building a house and have been paying a construction loan (interest only) waiting for it to get rolled over into a permenant mortgage. we have not recieved any forms from the mortgage comany yet. will we?

Share It!: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • del.icio.us
  • StumbleUpon
  • Reddit
  • Bloglines
  • Facebook
  • Furl
  • Socializer
  • Technorati
  • Google Bookmarks
  • MisterWong
  • MySpace
  • NewsVine
  • TwitThis
  • Y!GG

Written by lab · Filed Under Project Financing 

Comments

One Response to “can construction loan interest be a credit on line 54 of a 1040?”

  1. v b on January 2nd, 2009 3:55 am

    Not on line 54.
    Call 1-800-829-1040 and ask if the construction loan can count as mortgage interest or if this is an investment expense….

Got something to say?

You must be logged in to post a comment.

Bottom