how do i add the interest information about a secondary property into deductions

[shangrila_24]

I entered the information for my primary home from my 1098, I have a piece of land as well and when i try to enter information for that it also puts it under primary home. Can I enter this or is this deduction only for primary residence?

[MonikaK1 · Accepted solution]

You can only deduct real property interest on your primary residence and a second residence as Mortgage Interest. Interest paid on loans to purchase land held as an investment is not deductible, though the property taxes are deductible.

You could deduct interest on other real property if it is used in a business or rental activity.

See this TurboTax article for more information on home mortgage interest.