this would be a second/vacation home. so if the mortgage is secured by the property the interest may be deductible because there is a cap on mortgage debt depending on when they were taken out. Turbotax should automatically compute the limitation if any provided all the correct mortgage info is entered. Whether real taxes paid benefit you depends since there is a $10,000 limit of how much in state and local taxes can be deducted (it's $5,000 if married filing separately)
