b727capt wrote:
The rules for deducting mortgage interest on a second home are: Has to have a kitchen, bathroom and you have to spend 14 days in it. One additional limit, you can only deduct the mortgage interest (first and second combined) on up to 1,000,000 in mortgage balence.
This is not accurate. The 'second home' needs to have 3 things - sleeping, cooking, and toilet facilities. There is no requirement to spend 14 days in it. In addition to campers, boats can also qualify as a second home as long as they meet the criteria.
