MarilynG1
Expert Alumni

Deductions & credits

No, since in 2025 you paid taxes and interest on a 'second home', you would report that on Schedule A for 2025.  You can't carry those forward and add to rental expenses for 2026, since they were paid in 2025.

 

The IRS is pretty picky when it comes to reporting rental income/expenses properly.

 

Here's more info on Reporting Rental Income/Expenses and Rental Property Deductions.

 

@nerobins 

 

 

 

 

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