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homeowner
New Member

I have four homes and I am paying mortgage interest on the last home that I bought. Is that mortgage interest tax deductible?

 
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6 Replies

I have four homes and I am paying mortgage interest on the last home that I bought. Is that mortgage interest tax deductible?

You can deduct mortgage interest you pay on your primary residence and one second home.

homeowner
New Member

I have four homes and I am paying mortgage interest on the last home that I bought. Is that mortgage interest tax deductible?

Thanks for your response. In my case, the first three homes that I bought do not have any mortgage. The fourth home that I bought in a different state has a mortgage. Can I deduct this fourth home mortgage interest? Thanks.
homeowner
New Member

I have four homes and I am paying mortgage interest on the last home that I bought. Is that mortgage interest tax deductible?

Thanks for your response. In my case, the first three homes that I bought do not have any mortgage. The fourth home that I bought in a different state has a mortgage. Can I deduct this fourth home mortgage interest? Thanks.

I have four homes and I am paying mortgage interest on the last home that I bought. Is that mortgage interest tax deductible?

Yes, you can.  You can deduct mortgage interest on your primary residence and one second home.

I have four homes and I am paying mortgage interest on the last home that I bought. Is that mortgage interest tax deductible?

You can designate any of your homes as the "second home" for the deduction (except your primary residence).
homeowner
New Member

I have four homes and I am paying mortgage interest on the last home that I bought. Is that mortgage interest tax deductible?

Thank you. That clarifies things clearly.

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