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New Member
posted Feb 15, 2020 9:33:12 PM

Can i write off my 2nd home?

the home is paid off

0 3 389
3 Replies
Not applicable
Feb 15, 2020 11:50:48 PM

if the home is paid off, the only deductible item would be real estate taxes paid.   if you could be more specific about what you mean, maybe a different answer would be in order.   you can not just expense the second hone because there is no mortgage 

Returning Member
Mar 21, 2020 3:00:14 PM

house was sold at auction by the local government due to RE tax being in arrears. No mortgage on the property

Expert Alumni
Mar 21, 2020 3:14:22 PM

No, you can't take a loss on personal use property.