Adding a home, interest

sagittarius_oi — Thu, 06 Jun 2019 05:20:54 GMT

i own a home, have for 2 years. i have not claimed it in the past. was considering claiming. will i go negative? i just dont want to add the home, if it will make me owe more

If I understand you correctly, you're talking about home...

ThomasM — Thu, 06 Jun 2019 05:20:56 GMT

If I understand you correctly, you're talking about home mortgage interest that you pay. You can take an itemized deduction on Schedule A for the mortgage interest you pay on a primary or second home. This is a good thing; it cannot raise the amount of tax you owe. Here is a link to IRS Publication 936, which discusses all aspects of this deduction.

https://www.irs.gov/publications/p936/ar02.html

topic Adding a home, interest in Deductions & credits

Adding a home, interest

If I understand you correctly, you're talking about home...