We purchased a lot in September of this year. We areintending to start building a house on the lot sometimein 1999. We are currently living in an apartment.My question is, are the interest and taxes on the lotdeductible this year as home mortgage deductions?If we wait until January to pay the taxes, will theybe deductible in 1999 even though we start constructionafter January? We had a house until October thisyear, so we will be itemizing this year. I'm notsure whether we'll be able to itemize next year,depending on the schedule of building. What is mybest approach for payment of property tax?Regards,MoreToLife
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