PennyJ
New Member

Deductions & credits

Hello!

Thanks for your question.

A second home must have sleeping, cooking, and toilet facilities.  If your travel trailer meets these conditions, it can be a second home.  You can deduct interest paid on a loan used to purchase your second home. 

You can only deduct interest for two homes—your main home and a second home.  Real estate taxes or personal property taxes can be deducted on any number of homes.

You can enter both of these deductions under Federal Taxes > Deductions & Credits > Your Home.

I hope you find this answer helpful.  If you have additional questions or comments regarding this issue, please feel free to reply to this post for further clarification.

Thanks for trusting TurboTax with your tax preparation!

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