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c-susan
New Member

Can interest on borrowed money for a deposit for a rental property currently under construction be claimed even though there is no rental income yet? If so, where?

 
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TurboTaxTatsiana1
New Member

Can interest on borrowed money for a deposit for a rental property currently under construction be claimed even though there is no rental income yet? If so, where?

Unfortunately  this is not a tax deductible expense  till the property is build and registered in your name. 

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