Carl
Level 15

Deductions & credits

Basically, your property taxes and mortgage interest are deductible no matter what, on real estate.  For the mortgage interest to be deductible, the loan on the property must be a secured loan. If you receive a 1098 - Mortgage Interest Statement from your lender, then you're good to go. They have until the 1st of March (I think) to send you that form.