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June 3, 2019
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Can I deduct real estate taxes on a second home I co-own?

  • June 3, 2019
  • 1 reply
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I co-own a second home.  I am a tenant in common with a second person.  It is not a rental.  I pay all the property taxes.  Can I deduct 100% of the property taxes?
Best answer by Melaine

You can deduct the property taxes of any home that has your name on the mortgage papers or deed.  If you own half the property, you can deduct half, if you own property alone 100% then you can deduct 100%.

1 reply

MelaineAnswer
Employee
June 3, 2019

You can deduct the property taxes of any home that has your name on the mortgage papers or deed.  If you own half the property, you can deduct half, if you own property alone 100% then you can deduct 100%.

byronkochAuthor
June 3, 2019
Thank you.  Does this also include mortgage interest?