I purchased a home in June 2024 and moved in July 2024. I have not yet been able to rent the first home in 2024. Can I deduct taxes and interest for the first home?

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I purchased a home in June 2024 and moved in July 2024. I have not yet been able to rent the first home in 2024. Can I deduct taxes and interest for the first home?

Yes. If you still own the first home and it is not a rental property you can include the 1098 as an itemized expense.

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