@RobRue wrote:
Generally, you can deduct interest and taxes on one each second property.
Bob
No, Bob, you are mistaken.
You can deduct property taxes assessed on any property you own, up to the $10,000 cap on all state and local property tax deductions. But you can only deduct mortgage interest on your main home and one second home where you live. A home must have a kitchen and a toilet (among other things). So while an RV loan can sometimes count as a mortgage for the interest deduction, a vacant lot does not.
