We sold a second home then bought another second home in same year. Can we write off non-overlapping expenses on both homes?

[Prescott100]

We owned a second home that was not our primary residence but sold it in July 2016. We then bought another home, also as a secondary residence, shortly thereafter. Can we write off expenses as long as the dates don't overlap or is one of the homes still considered a third residence for the tax year.

[DDollar · Accepted solution]

You can deduct the mortgage interest on both homes if the ownership periods do not overlap.  You can deduct the property taxes paid on both house regardless of whether the ownership period overlapped.