Are second mortgages tax deductible?
As a tax professional, my advice is that second mortgages are indeed tax deductible (to the extent a first mortgage is) assuming you can itemize, and as long as that mortgage is on your primary or second home. If you’ve got a second mortgage on your thrid home, you’re out of luck. Need more details? Feel free to contact me.
Home Mortgage Interest Income Tax Deduction 2011, 2012
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