TT and tax deductions
Hello We bought our first TT in June 2013. I vaguely remember the salesman saying something to do with a tax deduction on the TT because it is considered a second home. Can anyone tell me more abou...
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pub 530
2013 Instructions for Schedule A (Form 1040)
Itemized Deductions
Lines 10 and 11
Home Mortgage Interest
If you are a homeowner who
received assistance under a
State Housing Finance Agency
Hardest Hit Fund program or an Emergency
Homeowners' Loan program, see
Pub. 530 for the amount you can deduct
on line 10 or 11.
A home mortgage is any loan that is secured
by your main home or second
home. It includes first and second mortgages,
home equity loans, and refinanced
mortgages.
A home can be a house, condominium,
cooperative, mobile home, boat, or
similar property. It must provide basic
living accommodations including sleeping
space, toilet, and cooking facilities.
pub 530
2013 Instructions for Schedule A (Form 1040)
Itemized Deductions
Lines 10 and 11
Home Mortgage Interest
If you are a homeowner who
received assistance under a
State Housing Finance Agency
Hardest Hit Fund program or an Emergency
Homeowners' Loan program, see
Pub. 530 for the amount you can deduct
on line 10 or 11.
A home mortgage is any loan that is secured
by your main home or second
home. It includes first and second mortgages,
home equity loans, and refinanced
mortgages.
A home can be a house, condominium,
cooperative, mobile home, boat, or
similar property. It must provide basic
living accommodations including sleeping
space, toilet, and cooking facilities.
