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Interest Deduction on Primary and Second Home Limitations
Have a primary home that the interest deduction is limited under the $750K limitation. My question is, if I purchase a second home, does that home have it's own separate interest deduction limitation or is it combined with the primary residence? In my case if it is combined then I would get no additional interest deduction. If not combined then I could deduct interest up it's own interest limitation. Which way is it? Thanks, Dan C
‎September 24, 2024
6:02 PM