Wall Street

Buying a Second Home—Tax Tips for Homeowners

Published by
The Street

By TurboTax Buying a second home? TurboTax shows you how mortgage interest, property taxes, rental income, and expenses will affect your tax return. Mortgage interestIf you use the place as a second home—rather than renting it out—interest on the mortgage is deductible within the same limits as the interest on the mortgage on your first home. TurboTax Premier is designed for all levels of investing and investment types from stocks, to crypto, to ESPPs, and even rental income. It guides you through your taxes, ensuring accuracy and giving you the knowledge to take control of your tax scenarios …

Read More

Share this Story
Load More Related Articles
Load More In Wall Street