New Hampshire resident wants to deduct cost of wood

My question is: US-specific
QUESTION: I recently bought a small parcel of wooded land in NH with the
sole intent of building a rental house on it. Is the $30K I spent on the
land tax deductible towards my new rental business?
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david ingram replies:
The land is not deductible in any manner and will form part of the ACB
(Adjusted Cost Base) of the property when you sell it.
This is true in any country I know of.
Answers to this and other similar  questions can be obtained free on Air
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