turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Jinxsig1
New Member

Mortgage deduction

I love in New York but bought a house in Pa. The person who does our taxes said that they can't deduct the interest bc the house isn't in NY. Is that true?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
KrisD15
Employee Tax Expert

Mortgage deduction

No.

The fact that the home is in a different state would have no bearing on what interest can be claimed. 

 

The amount of interest claimed may be limited on the federal return, but I don't see any limit for the New York return.

 

For the federal return, it must be your primary residence or a second home and the loan must be secured by the property. 

The interest may also be limited depending on the balance of your mortgage. 

 

New York does not limit the interest relating to your mortgage balance. 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question