Building a new home that will be our primary residence. Already have a primary residence until we move into our new house. Is the interest, points and taxes deductible?

New house loan points, interest, and taxes deductible?

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Building a new home that will be our primary residence. Already have a primary residence until we move into our new house. Is the interest, points and taxes deductible?

Yes. You may deduct mortgage interest (including qualified points) on up to two residences. You may deduct real estate tax on an unlimited number of properties (subject to the $10K tax deduction limit).

Building a new home that will be our primary residence. Already have a primary residence until we move into our new house. Is the interest, points and taxes deductible?

See IRS Publication 936 page 4 at https://www.irs.gov/pub/irs-pdf/p936.pdf for guidance and limits. The section titled "Home Under Construction".

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Building a new home that will be our primary residence. Already have a primary residence until we move into our new house. Is the interest, points and taxes deductible?

Building a new home that will be our primary residence. Already have a primary residence until we move into our new house. Is the interest, points and taxes deductible?

Building a new home that will be our primary residence. Already have a primary residence until we move into our new house. Is the interest, points and taxes deductible?

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Building a new home that will be our primary residence. Already have a primary residence until we move into our new house. Is the interest, points and taxes deductible?

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Building a new home that will be our primary residence. Already have a primary residence until we move into our new house. Is the interest, points and taxes deductible?

Building a new home that will be our primary residence. Already have a primary residence until we move into our new house. Is the interest, points and taxes deductible?

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