Deducting Mortgage Interest on Two Houses in Same Year?

RA to move to Money Board.

yeah that was an accidental post. Meant to be on the money board

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So I have paid interest on two homes that were both my primary residence. Can I deduct combined interest on both?

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Yep.

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Can I deduct combined interest on both?

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of course, why not? if you had two jobs you're certainly going to be taxed on both incomes

ETA: you're also going to pay property tax on both for the time that you owned, first one was settled at closing though

Lol that's what I meant.

I moved in July 8 years ago. Deducted interest on both houses. It is fairly common.

Yes you can but only for the time each was your primary residence.

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not true, second home, rental property mortgage interest is deductible

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Yes as long as you live there for a certain portion of the year, otherwise it is a rental property and doesn't qualify

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Nope. My rental property is deductable.

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Do you also own a primary residence that you write off? If so from what I have read in the IRS guidelines it shouldn't be counted as a qualified home.

ETA: I looked it up:

Qualified Home

For you to take a home mortgage interest deduction, your debt must be secured by a qualified home. This means your main home or your second home. A home includes a house, condominium, cooperative, mobile home, house trailer, boat, or similar property that has sleeping, cooking, and toilet facilities.

The interest you pay on a mortgage on a home other than your main or second home may be deductible if the proceeds of the loan were used for business, investment, or other deductible purposes. Otherwise, it is considered personal interest and is not deductible.

Main home. You can have only one main home at any one time. This is the home where you ordinarily live most of the time.
Second home. A second home is a home that you choose to treat as your second home.
Second home not rented out. If you have a second home that you do not hold out for rent or resale to others at any time during the year, you can treat it as a qualified home. You do not have to use the home during the year.
Second home rented out. If you have a second home and rent it out part of the year, you also must use it as a home during the year for it to be a qualified home. You must use this home more than 14 days or more than 10% of the number of days during the year that the home is rented at a fair rental, whichever is longer. If you do not use the home long enough, it is considered rental property and not a second home. For information on residential rental property, see Publication 527.

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Yes. It's legal

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You must not have one person staying there all year. Do you rent it on air bnb or something and then stay there 2 weeks a year, or say you do?

ETA: NM I just looked at their 527 publication and I guess you can. Seems like their own publications are all over the place.