@chale1934 wrote:
We have our homestead, rental home and travel trailer. It states we can only deduct two homes, is the rental taxes tax deductible and is it considered the second home?
The rental property is not a second home if you do not use the property as a personal residence during the year.
The trailer can be a second home if it can be classified as a dwelling unit. A dwelling unit has basic living accommodations, such as sleeping space, a toilet, and cooking facilities
You can deduct any interest paid on a loan for the trailer as an itemized deduction on Schedule A. You can deduct on Schedule A any personal property taxes paid on the trailer if the taxes are based on the value of the trailer.
You cannot deduct any insurance you have on the trailer just as you cannot deduct homeowner's insurance on a personal residence, not used as a rental or in a business.
