I used my current home as collateral to get a loan to buy a second home. Is the interest on that loan for the second home deductible?
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Yes, you can deduct the interest on a loan used to buy a second home. You can also deduct the amount of real estate taxes paid on the second home.
For further information, please look at the TurboTax link below:
Yes, you can deduct the interest on a loan used to buy a second home. You can also deduct the amount of real estate taxes paid on the second home.
For further information, please look at the TurboTax link below:
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