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roxnjeff
New Member

Can we claim a second home mortage interest?

We bought a second home and will not be renting it out. Can I claim the mortgage interest paid?  I viewed the video on Tax Breaks and Home Ownership and am confused if this is for first home owners or second home owners.  Can you please clarify.

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Accepted Solutions

Can we claim a second home mortage interest?

As you are not using the home for income purposes, you are not able to claim any expenses associated with the home, including mortgage interest.

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1 Reply

Can we claim a second home mortage interest?

As you are not using the home for income purposes, you are not able to claim any expenses associated with the home, including mortgage interest.