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vacation home 2nd home?
Old 01-27-2008, 11:38 AM   #1
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vacation home 2nd home?

if your primary home is a rental and you dont own a home for your primary residence is your vacation home considered a 2nd home for tax purposes?
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Old 01-27-2008, 03:49 PM   #2
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As long as you use your vacation home for more than 14 days in a year, you can deduct your mortgage interests paid.
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Old 01-27-2008, 05:05 PM   #3
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more curious about the rules about 2nd homes and home equity loans. im not looking to take a loan but i was just curious how its looked at when you own only 1 home but its not your primary residence. as an example 2nd homes carry mortgage interest limits on home equity loans that dont apply to first homes
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