Interest - Itemized Deduction
Mortgage Interest - Third Home
Generally you may deduct on Form 1040 Schedule A qualifying mortgage interest on up to 2 residences as well as premiums paid for mortgage insurance. A residence may be a coop unit, condominium, mobile home, houseboat, that has cooking, sleeping and toilet facilities. Interest on debt secured on more than 2 residences may still be deductible if you use the proceeds for investment or business purposes.
Note If you need professional help with "Interest - Itemized Deduction" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.