Maximizing the interest expense deduction on a self-constructed residence.: An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on March 1, 1992. The length of the article is 792 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Section 163(h) of the Internal Revenue Code disallows personal interest deductions except for qualified residence interest. Taxpayers are allowed to take interest expense deductions on a qualified residence that they are constructing for as many as 24 months before they occupy the residence. Taxpayers who purchase land with the purpose of constructing a residence should try to begin construction as soon as possible after they have purchased the land.

Citation Details
Title: Maximizing the interest expense deduction on a self-constructed residence.
Author: Bart Forrest
Publication:The Tax Adviser (Magazine/Journal)
Date: March 1, 1992
Publisher: American Institute of CPA's
Volume: 23 Issue: n3 Page: 161(2)

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