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Buying a Second Home - Tax Tips for Homeowners - TurboTax - Intuit
You can deduct property taxes on your second home, too. In fact, unlike the mortgage interest rule, you can deduct property taxes paid on any number of homes .
http://turbotax.intuit.com/tax-tools/tax-tips/Home-Ownership/Buying-a-Second-Home/INF12015.html

Best Tax Deductions On Chopping Block? - Forbes
May 4, 2012. tax deductions like home mortgage interest, charitable contributions, . from $1.1M to $500k for a primary residence, not a second home.
http://www.forbes.com/sites/robertwood/2012/05/04/best-tax-deductions-on-chopping-block/

Publication 936 (2011), Home Mortgage Interest Deduction
The loan may be a mortgage to buy your home, a second mortgage, a line of credit . deduction for mortgage interest and real estate taxes on your main home if .
http://www.irs.gov/publications/p936/ar02.html

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The Tax Benefits of Home Ownership | AllLaw.com
Home mortgage interest is deductible on your income taxes if you itemize. . of home mortgage debt, whether it is used to purchase a first or a second home.
http://www.alllaw.com/articles/tax/article3.asp

Romney's Mortgage-Tax Plan Is a Drop in the Bucket - Bloomberg
Apr 16, 2012 . After all, the mortgage-interest deduction is the second-largest tax expenditure and . Obviously, most people who own a second home would, .
http://www.bloomberg.com/news/2012-04-16/romney-s-mortgage-tax-plan-is-a-drop-in-the-bucket.html


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The Impact of Losing a Second-Home Mortgage Deduction ...
Apr 19, 2012 . Although the idea of eliminating tax deductions on a second mortgage are floating around, the impact of the plan likely is less severe than you .
http://www.mainstreet.com/article/real-estate/buying/impact-losing-second-home-mortgage-deduction

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    1. Romney Would Cut Tax Deductions for the 1 Percent. The Latest ...
      Apr 16, 2012 . Romney said he'd kill or put limits on the mortgage interest tax deduction for second homes and would likely place restrictions on property and .
      http://www.businessweek.com/articles/2012-04-16/romney-would-cut-tax-deductions-for-the-1-percent-dot-the-latest-flip-flop


      Mitt Romney's tax musings suggest he wants the rich to pay more ...
      Apr 16, 2012 . Mitt Romney's tax musings suggest he wants the rich to pay more. . people the second-home mortgage deduction," Romney said, adding that .
      http://abcnews.go.com/Politics/OTUS/mitt-romneys-tax-musings-suggest-rich-pay/story?id=16149624

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