We lived in the second home less than 6 months during 2006. Thanks.
2007-02-03 15:24:18 · 5 answers · asked by T 1 in Business & Finance ➔ Taxes ➔ United States
for the information regarding the interest and taxes go for the tax filing sites. here is one of the site which will help u file the tax return and will also make some deductions on the taxes. go for it all the best.
2007-02-03 18:22:25 · answer #1 · answered by Anonymous · 0⤊ 0⤋
if he paid the loan and taxes and insurance, definite he can use them as deductions. insurance can basically be deducted nonetheless no count if it fairly is a hire residing house that he collects hire on. residing house insurance isn't deductible on a considerable residing house. How did he happend to get the tax information for the residing house? i mean if he secured the loan, call, even nonetheless he by no skill lived in it, somebody is sending him the information. it may be fraud or he has extra genuine property tied up than you think of he does.
2016-12-13 08:20:04 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Did you rent it out when you weren't there? If so, you might be able to take a partial deduction for some of the other expenses.
2007-02-03 16:39:31 · answer #3 · answered by Judy 7 · 0⤊ 1⤋
If you rented it out for at least 6 months you could deduct depreciation of the house for I believe up to 7 years.
2007-02-03 15:26:33 · answer #4 · answered by Tanya924 2 · 0⤊ 3⤋
Do it.
They'll never catch you cheating with that.
2007-02-03 15:26:53 · answer #5 · answered by Transgénico 7 · 0⤊ 1⤋