can construction loan interest be a credit on line 54 of a 1040?

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we are building a house and have been paying a construction loan (interest only) waiting for it to get rolled over into a permenant mortgage. we have not recieved any forms from the mortgage comany yet. will we?

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  1. Reply
    v b
    May 4, 2011 at 12:10 am

    Not on line 54.
    Call 1-800-829-1040 and ask if the construction loan can count as mortgage interest or if this is an investment expense….

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