Home321
New Member

Can I deduct mortgage interest for 2nd home?

Under these coundition, can I deduct the interest?

- I have no mortgage on my primary home

- I would like to do a cash out refi on primary home and use all funds to purchase a 2nd home

- 2nd home would be for vacation. Not rented for more than 14 days a year

 

i’m getting conflicting answer and want to make sure I choose the right option. Thanks!