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kellylturner
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Can I claim mortgage interest on a second mortgage for tax year 2020?

 
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‎October 15, 2021 5:05 PM
last updated ‎October 15, 2021 5:05 PM
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Bsch4477
Level 15
Level 15

Can I claim mortgage interest on a second mortgage for tax year 2020?

Yes any mortgage interest is deductible if you itemize. 

‎October 15, 2021 6:13 PM
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tbrown21
Level 3

Can I claim mortgage interest on a second mortgage for tax year 2020?

The correct answer would be maybe, if you itemize and your mortgage is under certain limits. See pub 936 for the limits. https://www.irs.gov/publications/p936

 

‎October 16, 2021 10:36 AM
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