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Author: BruceCM Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121219  
Subject: Re: Mortgage interest deduction Date: 5/18/2010 3:15 PM
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Phil
Similar 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.

Thanks

BruceM
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