How do I write off mortgage interest for 2nd residence or vacation home for 2016?

mypython13 — Mon, 03 Jun 2019 17:41:36 GMT

I have two houses, one is my main residence and the second is a vacation home I utilize about two months a year. Can I write off the interest and where do I input it on the 2016 home & business software?

Yes, mortgage interest on a second home is deductible for...

JulieCo — Mon, 03 Jun 2019 17:41:38 GMT

Yes, mortgage interest on a second home is deductible for tax year 2016. The mortgage interest is entered in the same section as your primary home mortgage interest. See the steps below. If you already have mortgage interest entered for your primary home (form 1098), then you would just "add a vendor" on the Home Loan Deduction Summary Screen. See sample screenshot attached.

Select Deductions and Credits tab at top of screen and then I'll choose what I want to work on, if asked
Under Your Home, select the Mortgage Interest, Refinancing and Insurance option

topic How do I write off mortgage interest for 2nd residence or vacation home for 2016? in Deductions & credits

How do I write off mortgage interest for 2nd residence or vacation home for 2016?

Yes, mortgage interest on a second home is deductible for...