PhilSimilar question.We own a primary home with a mortgage and a second home at the beach, the latter of which we own (no mortgage). We are considering buying a place in Sun City, AZ. If this third 'home' has a mortgage, could we call it our 'second home' for tax purposes (i.e. ability to deduct mortgage interest)?It would seem logical that the 'second home', for those who have more than two homes, would be based on how much time we spend there. But, of course, tax code is not always logical.We don't rent any of the properties.ThanksBruceM
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra