Question

My mother passed in 2020 and i have a home and her home? Can i claim the interest paid on her home also?

Forum|Forum|4 years ago
April 17, 2022
1 reply
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TurboTax Premier Online

Yes, you can include the mortgage interest and the real estate property taxes for both homes.

Your deduction is generally limited if all mortgages used to buy, construct, or improve your first home (and second home if applicable) total more than $1 million ($500,000 if you use married filing separately status) for tax years prior to 2018. Beginning in 2018, this limit is lowered to $750,000. Mortgages that existed as of December 14, 2017 will continue to receive the same tax treatment as under the old rules.

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