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Yes, you may deduct the construction loan interest for your second home so long as the home becomes your main home or second home on the day it's ready for occupancy. You can deduct all the interest you paid on the construction loan within 24 months before the home was completed.
Yes, you may deduct the construction loan interest for your second home so long as the home becomes your main home or second home on the day it's ready for occupancy. You can deduct all the interest you paid on the construction loan within 24 months before the home was completed.
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