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Deductions & credits
If you have not yet moved out of your previous/current home, the "new" house is a second home, for which you can enter the things already mentioned----but you are still subject to the $10,000 cap for SALT on the two homes combined. When/if you convert the "old" house to a rental property, post some questions about that in the user forum. It does not sound like you are there yet.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎November 4, 2022
1:54 PM