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lovedimango
New Member

Own 2 homes in wi- can deduct both property taxes?

 
2 Replies
TomK
New Member

Own 2 homes in wi- can deduct both property taxes?

Yes.   You can deduct property taxes on your second home, too. In fact, unlike the mortgage interest rule, you can deduct property taxes paid on any number of homes you own. however, beginning in 2018, the total of all state and local taxes deducted, including property taxes, is limited to $10,000 per tax return ($5,00 for couples filing separately).

Buying a Second Home—Tax Tips for Homeowners: https://turbotax.intuit.com/tax-tips/home-ownership/buying-a-second-home-tax-tips-for-homeowners/L5M...


[Edited 4/01/18 | 3:46p]
TomK
New Member

Own 2 homes in wi- can deduct both property taxes?

Please see updated answer.
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