Other Tax Questions
Questions and comments on other topics covered in Fairmark.com, such as UTMA accounts, and any tax questions that don't fit our other categories.
Property tax deduction for a third home
Posted by: miamicuse, April 18, 2017 04:22PM
I am trying to find out if it is OK to deduct the property taxes you paid for a third home.

I know the mortgage interests you can only deduct a primary residence and a second home, not a third. But what about property taxes?

Currently I have a primary residence (no mortgage) and a second home (with mortgage) and a third home (no mortgage). In this case, would I be able to deduct the property taxes for all three homes or only first two?

The third home is not a rental it is a personal use home.

Re: Property tax deduction for a third home
Posted by: Art, April 18, 2017 08:33PM
Then the answer is yes, you are correct.



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