Is mortgage interest tax deductible on my second home ?
If your real estate agent is answering questions like these you might consider getting a new agent. We are not accountants, lawyers, builders, plumbers or electricians. For questions like this we are here to be the source of the source. I used an AI engine called Gluino to find the section of the tax code covering this ( IRS Publication 936, "Home Mortgage Interest Deduction) and forwarded to my client advising him to ask a tax accountant.
Read it. Lots of if's and's and but's.
https://www.irs.gov/pub/irs-pdf/p936.pdf
Categories
Recent Posts

Luxurious Living in Shady Hollow: A Dream Home in Austin, TX

Why are mortgage rate up after the Fed reduced interest rates?

Transfer on Death Deed

Tree Farm

Charming Corner Lot Home in South Austin with Modern Updates and Classic Elegance

Understanding ASR in Pool Concrete: Essential Insights for Agents, Homeowners, and Buyers

Join Us for a Tree-Planting Event at Zilker Elementary!

Open House Nov 16 1-3PM : 3113 Sesbania Dr, Austin, TX

Charming Newly Renovated Duplex in Taylor, TX - Perfect for Modern Living

Open House 5506 Salem Walk Sunday Oct 20th 1-3PM