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Itemized Deductions Schedule-A


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Old 09-05-2017, 04:27 PM
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Mortgage interest deduction

Can I deduct mortgage interest on a second home if my primary residence is an apartment that I rent? I am relocating to california for my job and will rent an apartment but I would like to keep my home in Las Vegas but need to know if my mortgage interest will still be deductible.

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Old 09-06-2017, 06:44 AM
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You can deduct mortgage interest as an itemized deduction on sch A of 1040 for a second home. You can?t claim mortgage interest on your tax return if you take the standard deduction; so, You can deduct the mortgage interest you paid on a second home as well as on your first home. The mortgage on your second home must be secured with the residence as the collateral



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