716255
You'll need to sign in or create an account to connect with an expert.
Are you referring to taking deductions for a home? If you did not pay any mortgage interest, there are no deductions allowed. Your property taxes would be allowed if you pay that.
If you pay mortgage interest, per IRS, your debt must be secured by a qualified home. This means your main home or your second home. A home includes a house, condominium, cooperative, mobile home, house trailer, boat, or similar property that has sleeping, cooking, and toilet facilities."
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
rtoler
Returning Member
bobking13
New Member
botin_bo
New Member
bkeenze1
New Member
Kh52
Level 2