Thanks @AnnetteB6
You are allowed to claim mortgage interest on Schedule A for your primary residence and one additional property. If this property would qualify under those circumstances, then you could claim the mortgage interest paid in 2024 on your 2024 return.
I have 3 other rental properties and Turbo Tax asks me to enter the mortgage interest for each of them. Does this mean the above quoted conditions don't apply to my situation?
Or do I qualify because this 'new' property hasn't been rented yet? If so, how do I capture the mortgage interest (I don't own a primary residence)?
