For the IRS, a home can be a house, condominium, cooperative, mobile home, boat, recreational vehicle, or similar property that has sleeping, cooking and toilet facilities. Your home mortgage must be secured by your main home or your second home. You can’t deduct interest on a mortgage for a third home, a fourth home, and so on.
Viewed 352 Times 0 Comments Date : 17.11.2009
Was this answer helpful ? Yes (0) / No (0)