Harlan Lunsford wrote:
- quote -

It may - since it's a per-taxpayer limit.

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D. Stussy wrote:
- quote -

And would your answer change if each decided to file
separately?

ChEAr$$$,
Harlan Lunsford, EA n LA
11 Apr 2005
4 days and counting...... down.....\

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Old Car wrote:

- quote -

As residences, no. Only a primary residence plus one other
is allowed a deduction as a personal residence for interest
expense purposes.

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I own 2 homes. I spend most of my time in one, and the
other is used for vacations. I just purchased the vacation
home last year.

1. Is mortgage interest on the vacation home tax deductible?
2. Assuming #1 is true, if I married someone who also owned
2 homes (one primary and one vacation home), would we be
able to deduct mortgage interest on all 4 homes?

Thanks.

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