I own my house under land contract so I dont really pay any intrest on my house. Can I deduct any other things than my taxes on my house then? I used to rent and was able to time and percent payment. But wasnt sure how I do the land contract thing?
I own my house under land contract so I dont really pay any intrest on my house. Can I deduct any other things than my taxes on my house then? I used to rent and was able to time and percent payment. But wasnt sure how I do the land contract thing?
I'm not exactly sure what a land contract is. You can deduct expenses associated with buying land. If some of the payment is for the house, then you can deduct that. You can deduct any other house expense (property taxes, utilities, etc.).
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