Second Home Mortgage Interest

pickster33 — Mon, 09 Mar 2026 08:29:28 GMT

I bought a second home in December 2021. I entered my primary home interest and the corresponding tax deduction seemed appropriate. When I entered the interest paid on my second home. My taxes owed increased. In fact, they increased by twice the second home interest I paid. I don't understand what's happening?

Re: Second Home Mortgage Interest

Cynthiad66 — Thu, 10 Mar 2022 14:31:50 GMT

Entering a second mortgage should not reduce your refund. Remove that entry and try again.

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 have multiple 1098 mortgage forms, you’ll enter them one at a time. After going through the steps with the first one, you can add a lender when you get to the Mortgage deduction summary screen. (In the case of a refinance, the steps may be different depending on your total amount of home debt. Refer to this article for more information.)

But, if they're both from the same lender, and one of them has the “Corrected” checkbox marked at the top, enter the corrected 1098 and discard or shred the other one.

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@pickster33

Re: Second Home Mortgage Interest

SweetieJean — Thu, 10 Mar 2022 15:07:56 GMT

Did you misread, and perhaps your Taxes Due are what decreased? Did you rent out the second home?

topic Second Home Mortgage Interest in Deductions & credits

Second Home Mortgage Interest

Re: Second Home Mortgage Interest

Re: Second Home Mortgage Interest