Purchased Second Home in 2021

[DSilker]

We purchased an investment property for our daughter and grand-daughters to live in following a divorce.  Are we able to claim any mortgage and points benefits even though we are filing using the Standard Deduction?

[xmasbaby0]

If you are using your standard deduction you cannot itemize too--- so pick one.   If you do not have enough itemized deductions to exceed your standard deduction then you just use the standard deduction.  You can use the mortgage interest and property tax on your second home as deductions IF you itemize.