Skip to main content
Level 1
June 5, 2019
Question

Is it qualified second home?

  • June 5, 2019
  • 1 reply
  • 0 views
I bought a second home for investment purpose in Nov 2016. But I didn't rent it out and It was vacant in 2016 . Can I deduct the property tax and mortgage interest as second home instead of rental home?

1 reply

Level 12
June 5, 2019

Yes, you can deduct mortgage interest on your property as a second home as well as the property tax you paid in 2016.