I have a vacant lot, and I need to sell it, but I’m not sure how that would affect my tax status for the next year. I normally don’t have to pay any taxes, so would that affect my getting a refund? Also, I will be applying for student loans soon, and I would like to know if that would make me less eligible to take out a stafford/private student loan?
Thanks so much for any advice.
Posts Tagged ‘Land’
How Does Selling My Land Affect My Taxes And Ability To Take Out A Student Loan?
February 16th, 2010How Do You Get A Loan Refinanced When You Have Started Building On The Land And Are 3/4 Finished On The House?
November 22nd, 2009We have a loan with a balloon pyt and want to refinance to pay off the loan and finish the house, how do we do that? We are 3/4′s finished.
Can I Deduct Land Loan Interest If I Place A Trailer On The Property?
October 31st, 2009I purchased 20 acres in northern Idaho and am carrying an 8yr interest-only loan at $670/month. I am planning to retire early (age 55) in 8yrs and plan to use this land to build my retirement home. In the meantime, I want to use it as a second home by permanently leaving my travel trailer on the property. Once I do this, can I deduct the interest of the trailer PLUS the interest on the land loan?
Can I Take Out A Home Loan For Land And A Manufactured Loan?
June 27th, 2009By home loan I mean a home loan and not a personal property loan like on a trailer home/manufactured home in a trailer court. I qualified for a home loan and I want to keep it cheap, so I want to purchase a piece of land and a manufactured home. Wil this work as a home loan if its on private land?
