- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
It would be considered a second home since you are not renting it out and your son is living in it which makes it personal use property. You would deduct the property taxes (and mortgage interest if applicable) on Schedule A. This would all be entered in the Your Home section under the Federal Deductions and Credits tab.
The property taxes and other taxes are limited to a total of $10,000.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎June 5, 2019
11:28 PM