Building second home

eduardtorar — Tue, 24 Feb 2026 07:32:21 GMT

what is tax deductible in the case above?

Re: Building second home

evelynm — Wed, 25 Oct 2023 23:25:18 GMT

Hello:

You can always enter mortgage interest and property tax for a second home that you own. Your mortgage interest is limited to $750,000 of debt secured by your first and second home.

Also, real estate taxes limit is part of the $10,000 annual ceiling relating the total of all state and local taxes deducted, including property and income taxes.

Here is a link for further details: https://turbotax.intuit.com/tax-tips/home-ownership/buying-a-second-home-tax-tips-for-homeowners/L5Mzc5URo

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Building second home

Re: Building second home