Is the interest from a second morgage deductibe?

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Is the interest from a second morgage deductibe?

2007-02-28 03:00:58 · 4 answers · asked by sandytokunaga 1 in Business & Finance ➔ Personal Finance

4 answers

Yes, as long as it's on your primary residence.

2007-02-28 03:08:19 · answer #1 · answered by dennisjohns23 3 · 0⤊ 0⤋

It depends on whether that second mortgage in on your primary residence (yes), or another property (maybe yes, maybe no). Check out this page from the IRS with much more detail.

2007-02-28 11:38:40 · answer #2 · answered by alcoh71 2 · 0⤊ 0⤋

Yes it is

2007-02-28 11:13:30 · answer #3 · answered by P_Money 2 · 0⤊ 0⤋

Yes it is

2007-02-28 11:08:38 · answer #4 · answered by Maria b 6 · 0⤊ 0⤋