Have you considered buying a second home⁉️
Be sure to keep a few things in mind!
✅ You can deduct the interest on your mortgage for your second home, just like your first, up to the deduction limit.
✅ Selling a second home may trigger capital gains tax. Make sure to plan for any liabilities!
✅ If you intend on renting the second home out, the income it produces can be taxed. However, you can deduct expenses related to the rental.
Interested in learning how to plan for a second home purchase? Reach out today!
