We purchased a second home in 2020 in a different state, where do I enter this information? And/or are there any tax benefits when purchasing a second home?
I'm currently using TurboTax Deluxe, is this the right option?
We purchased a second home in 2020 in a different state, where do I enter this information? And/or are there any tax benefits when purchasing a second home?
Only thing is you can deduct mortgage interest and property taxes (with limitations) if you Itemize Deductions. You can enter deductions into Deluxe.
We purchased a second home in 2020 in a different state, where do I enter this information? And/or are there any tax benefits when purchasing a second home?
Can I do this even if I didn't get a form 1098 for the purchase of the second house? We only have the documents from when we purchase took place.
We purchased a second home in 2020 in a different state, where do I enter this information? And/or are there any tax benefits when purchasing a second home?
Yes but you need to know how much interest you paid. All the tax forms haven't come yet. You may still get a 1098 in the mail. Everything is slow this year.
We purchased a second home in 2020 in a different state, where do I enter this information? And/or are there any tax benefits when purchasing a second home?
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