Mortgage interest on 3 homes?.

[brewermhk]

We had 3 homes in 2017 and sold one. We know we can deduct mortgage interest from our primary home.  Can we deduct the mortgage interest on the home we sold up to the sell date, and then deduct the mortgage interest on the other home starting from the date we sold the other home?

[TomK · Accepted solution]

"Your home mortgage must be secured by your main home or a second home. You can't deduct interest on a mortgage for a third home, a fourth home, etc."

Please read for more information: Deducting Mortgage Interest FAQ

https://ttlc.intuit.com/replies/3300473

[asamadi02]

@TurboTaxTomK What are the other considerations to ensure one is qualified for the deduction of 2nd home? Is there a income threshold one must be under or not to take this deduction?

[asamadi02]

Nevermind I found the answer to my question looking at real estate passive loss.

[asamadi02]

Nevermind I found the answer to my question looking at real estate passive loss.