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Are taxes on a 2nd home deductible?
Apr 12, 2009
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8 Posts
You can deduct mortgage interest on your 2nd home (vacation) as long as the combined mortgage values are under $1 million.
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May 5, 2009
8 Posts
Also forgot to mention, if the house is a rental/investment activity different rules apply. You can only rent for up to 2 weeks out of the year before the rules change.
So, yes, you can deduct a combined $1 million like I mentioned - if you are not renting it, etc.
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May 5, 2009
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