Beginning in 2018, interest on a home equity loan or line of credit is only deductible if the loan was used to "buy, build or substantially improve" the home that secures the loan. You cannot deduct interest on a loan used to purchase a second home.
Home Equity Interest
You need to indicate the amount on the second mortgage that was used for this purpose.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
