In 2019, I invested $30,00 in a home for my son & children.I don't receive any rent . Other than mortgage interest & taxes can I deduct this investment on my 2019 taxes?

posted

No, you cannot deduct your investment in the home for your children.

You can claim mortgage interest on a second home and property taxes paid.

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In 2019, I invested $30,00 in a home for my son &amp; children.I don't receive any rent . Other than mortgage interest &amp; taxes can I deduct this investment on my 2019 taxes?