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Deductions & credits
@TomD8 wrote:
True, but it does require that you also use the second home as a residence, and not solely as a rental or other investment property.
Right, it needs to be your home (residence). If it is solely for rental or business, it would fall under the §48 credit.
A Duplex would likely fall partially under the §25D credit and partially under the §48 credit.
November 29, 2022
2:57 PM
1,146 Views