Consumption and Real Estate
I own a second home in Arizona. For tax purposes can I deduct expenses other than mortgage interest & taxes?
Question : I own a second home in Arizona. For tax purposes can I deduct expenses other than mortgage interest & taxes?
We lived in the second home less than 6 months during 2006. Thanks.
arizona mortgage
Best answer:
Answer by Tanya924
If you rented it out for at least 6 months you could deduct depreciation of the house for I believe up to 7 years.
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.