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.