- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎June 8, 2022
12:40 PM