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Second Home Deductions
We have a second home in our hometown that we will be retiring in at a later date. We currently are renting another house at our current location. I've always been able to deduct the mortgage interest and property taxes paid on our second home, but don't see where to enter that in TurboTax Deluxe this year. I called the bank because I did not get a form 1098 and they told me it was because the amount of interest paid this past year was below the threshold to be able to file for the deduction. Is that correct? Will we not be able to deduct the mortgage interest or the property taxes paid? The home is not rented out. We keep it as a second home and when we are in town, we stay there.
‎April 5, 2023
3:11 PM