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Investors & landlords
Yes.
If the house was no longer being held as a rental in 2020, enter the date it was returned to personal use and treat it as a second home from that time forward.
Yes, once it was no longer a rental, taxes and interest could be claimed on your schedule A if all other requirements are met (loan secured by home, used to buy build and/or improve the home).
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March 1, 2021
3:10 PM