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Merlo
Merlo, Accountant
Category: Tax
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Experience:  25+ years tax consulting. Specializing in returns for US citizens living abroad
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If I move out of the state where I have a property (which I ...

Resolved Question:

If I move out of the state where I have a property (which I can not sell because if the market condition) can I still file to IRS and deduct my mortgage?
For example, I have a house in NV however I live in AZ
I still pay for my mortgage in NV, and rent a room in AZ
Can I deduct my mortgage for the NV''s house?
Submitted: 6 years ago.
Category: Tax
Expert:  Merlo replied 6 years ago.

HelloCustomer

Yes, you can continue to deduct the mortgage interest on your home in Nevada. In general, the IRS allows you to deduct mortgage interest for your main home and a secondary home. This is still going to be considered your main home even though you may not currently be residing there.

If this has been helpful, kindly press the "Accept" key. Positive feedback is also greatly appreciated. Thanks for the question.

Merlo, Accountant
Category: Tax
Satisfied Customers: 9783
Experience: 25+ years tax consulting. Specializing in returns for US citizens living abroad
Merlo and other Tax Specialists are ready to help you
Customer: replied 6 years ago.
Just a small question to make sure I got your answer right.. Should I change my mail address and notify IRS about relocation ? or Just change my mailing address in post office ? would this change anyhow affect the deduction on the mortgage interest for my main home ?
Expert:  Merlo replied 6 years ago.

Hello againCustomer

It will not matter whether or not you change your address with the IRS. You will still be allowed this deduction. It would probably be best to change your address to be certain that you get any necessary correspondence from the IRS on a timely basis, and it will not affect your mortgage interest deduction whatsoever. Mortgage interest is deductible not only on your main home, but also on a second home (such as a vacation condo), so many people have one address with the IRS and yet take mortgage interest deductions for two residences.

If this answer has been helpful, kindly press the "Accept" key. Positive feedback is also greatly appreciated. Thanks again.

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