- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
This is your own second home? For personal use---not going to be used as rental property? No, none of that is deductible. Save all your records for someday when you sell the house. You can only deduct the usual homeownership stuff---mortgage interest, property tax, loan origination points and private mortgage interest.
Improvements to your own home are not deductible. They add to your cost basis for someday when you sell.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
May 11, 2021
8:41 PM