Land Investment

I'm holding property vacant land for investment and asked if I could deduct mortgage interest as I do not share their income on Form 1040 Schedule A?
Can I accumulate all the previous mortgage interest and expenses until I sell the properties of land?

Only if the land can be classified as a residence. In general, you can deduct mortgage interest for a second home, but the raw land is not considered a residence.

However, you can deduct investment interest expense to the extent of investment income from the property. Deductions disallowed due to a lack of income can be deferred to future years and taken against capital gains realized on the sale final.

This is NOT the same as the addition of interest accrued on the basis of property, but has the same effect. The difference is a point of detail today, but future developments in the law could affect the treatment of interest costs.

See Form 4952 and instructions for more information.

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you have deferred interest until you have income from investments

No. You can not. You can only deduct mortgage interest on primary residence and second home. For land held as investment property, mortgage interest you paid is added to the base in the property.