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Kyle purchased a large lot on a lake in anticipation of building his home there within 3 yeras . During the current uear Kyle paidd
Kyle purchased a large lot on a lake in anticipation of building his home there within yeras During the current uear Kyle paidd in property taxes and of interest lon the semand loan he obtained to purchase the lot. January to March he rented out the lot to a local snowbile club for Whic is correct statement.
Kyle cannot desict of the property taxes or interst paid ffor the vacant lot
Kyle can deduct ofbthe propertytaxes but none of the interest paid
Kyke can decur property tax and interest paid
Kule can deduct all the property tax and interest paid
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