Can I deduct mortgage interest on a second home? - Community

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes

Pick a language

English Français
Get the latest stimulus news and tax filing updates.
Showing results for 
Search instead for 
Did you mean: 

Can I deduct mortgage interest on a second home?

You can deduct mortgage interest on a second home as an itemized deduction if it meets all the requirements for deducting mortgage interest.

If you rent out your second home, you must also use it as a home during the year. You must use it more than 14 days or more than 10% of the total days it is rented out, whichever is longer. If you don't use the home long enough, it's considered a rental property. You can then deduct the mortgage interest as a rental expense.

Mortgage interest can only be claimed on a maximum of two homes (main home and a second home).

Was this helpful?

You must sign in to vote, reply, or post
Privacy Settings