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40
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18
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Suhaib Rehman
18
Votes |
40
Posts

Tax deduction on second property texas

Suhaib Rehman
Posted

Hello all 

This is the follow up of my earlier question about tax deduction on investment property

In case, if i purchase property as second home. Then can i claim

1) property depreciation (27.5 total life) per year

2) property tax deduction if first home property tax is 9000 and this second home taxes are close to 6000. Is there a cap

3) maintenence and repair cost for tax deduction

4) mortgage insurance, pmi, mortgage interest

Regards

Suhaib

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