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June 6, 2019
Solved

I brought a 2nd home 2016 can not find where to claim it

  • June 6, 2019
  • 3 replies
  • 0 views
it is a weekend lake house tried claiming it but can not find where at in turbo tax
Best answer by SeanE1

You can claim the mortgage interest and property taxes paid on your 2nd home by following these steps:

Open your tax return in Turbotax

• Select the Federal Taxes tab at the top of your screen

• Select Deductions and Credits

• Click I'll choose what I work on

• Scroll down the page to the first section titled Your Home

• Select Show More at the right

• Select Start to the right of Mortgage Interest, Refinancing, and Insurance

• Go through this section and enter the first 1098 from your main home and when you are finished entering the 1098 select Add a Lender and go through the interview again adding your summer home 1098.


3 replies

Lisa995
Employee
June 6, 2019
Mortgage interest and property taxes (real estate taxes) are the only deductions you would have from the purchase of a second home.  So unless you itemize your deductions, (it appears youre using the Free version, which indicates you do not itemize) you wont need to enter that information anywhere.
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪
June 6, 2019
But I own homes in two states.
SeanE1Answer
Employee
June 6, 2019

You can claim the mortgage interest and property taxes paid on your 2nd home by following these steps:

Open your tax return in Turbotax

• Select the Federal Taxes tab at the top of your screen

• Select Deductions and Credits

• Click I'll choose what I work on

• Scroll down the page to the first section titled Your Home

• Select Show More at the right

• Select Start to the right of Mortgage Interest, Refinancing, and Insurance

• Go through this section and enter the first 1098 from your main home and when you are finished entering the 1098 select Add a Lender and go through the interview again adding your summer home 1098.