topic Is mortgage interest on a second home deductible as home acquisition debt if purchased (for less than $100,000) using home equity from a mortgage (first lien position) on the taxpayer's primary residence? in Deductions & credits

Is mortgage interest on a second home deductible as home acquisition debt if purchased (for less than $100,000) using home equity from a mortgage (first lien position) on the taxpayer's primary residence?

barbie1 — Thu, 06 Jun 2019 14:08:43 GMT

ToddL — Thu, 06 Jun 2019 14:08:45 GMT

Yes. The source of the downpayment for a second home does not affect the deductibility of mortgage interest for that second home.