RobertB4444
Expert Alumni

Home loans

Nope, you're all good.

 

The IRS allows a qualifying mortgage interest deduction on loans secured by the property of a first or second home up to $700,000.  Nothing in your question would seem to disqualify you.

 

The deduction can get super complicated so if you have a bunch of other factors that aren't in your question be sure to check the IRS out here.

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