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  1. #1

    Mort Int deductability on 2nd (retirement) home?

    I Googled this but was not able to find the answer. I also posted this question in the RE forum but have not received any response, so thought I might try here. How will the 2018 tax bill impact mortgage interest deductibility on a new second home mortgage? Looking at buying a second home, which will eventually be my retirement home. Thanks in advance!



  2. #2
    You can find the answer to your question here

    https://www.cnbc.com/2017/12/22/tax-...cond-home.html

    You can only deduct mortgage interest for up to $750,000 for all homes purchased after Dec 15.



  3. #3
    So you can still deduct the interest rate on your second home up to the difference between your 1st home mortgage and $750K.



  4. #4
    Thank you! Your response and the article are exactly what I was looking for!



  5. #5
    You can only deduct mortgage interest for up to $750,000 for all homes purchased after Dec 15.




 

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