What a great resource. Thanks.
Question - I have a "first home" already with a mortgage. Bought a piece of property to hopefully build a retirement home in the future and I have a mortgage on it. Received a 1098 from the lender showing the mortgage interest I paid. It also shows the address securing the mortgage. Doing research, it always talks about built homes. This is just a piece of property that will eventually have a second home on it. Does the piece of property qualify for a second home therefore allowing me to deduct the mortgage insurance?
Thank you
