You'll need to sign in or create an account to connect with an expert.
Yes, mortgage interest on a second home is allowed as an itemized deduction. If you have a 1098 form for the new home (or the closing statement to show what you paid for points and taxes), you would select to add "another lender" in the 1098 entry section of TurboTax. See the sample screenshot attached.
Below are the steps to be brought to this section of TurboTax:
https://ttlc.intuit.com/replies/4793767
Yes, mortgage interest on a second home is allowed as an itemized deduction. If you have a 1098 form for the new home (or the closing statement to show what you paid for points and taxes), you would select to add "another lender" in the 1098 entry section of TurboTax. See the sample screenshot attached.
Below are the steps to be brought to this section of TurboTax:
https://ttlc.intuit.com/replies/4793767
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Terry50
New Member
dhtutwiler2015
New Member
malachicarlson-g
New Member
MDT3
Returning Member
VERA5
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.