STaxLady
Employee Tax Expert

Get your taxes done using TurboTax

Hello @hnl66 ,

 

I'm happy to help, but I'm not sure if I fully understand your question.

 

If you are referring to the Principal Residence Exemption for Michigan, to qualify you must be:

  • a Michigan resident
  • who owns and occupies the property as a principal residence

The following link provides more information on Michigan's PRE

https://www.michigan.gov/taxes/property/principal 

 

Additionally, the IRS does allow a deduction for mortgage interest and real estate taxes on both a first and second home as an itemized deduction.

 

Please, reach out with a follow up question if needed.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"