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Second home interest deduction
I bought and sold a second home in 2024. My primary home does not have a mortgage. The purchase was 6 months prior to the sale of the other second home. I assume that the interest is only deductible from one of the mortgages during the time both second homes were owned. Do I enter a lesser amount than indicated on the 1098 for one of the homes, ideally the one with the least interest per month?
‎January 8, 2025
5:41 AM