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Get your taxes done using TurboTax
the other issue you may face is the deductibility of the mortgage interest. you state you have no intention of living in it. as such it would not qualify as a second residence. since your family members live in it, if you are not charging FMV rent you will not be able to deduct the interest as schedule E - rental property interest
‎December 18, 2020
11:14 PM