"John H" wrote in message
news
On Sun, 22 Mar 2009 10:52:04 -0400, "Eisboch"
wrote:


Pretty much the same here except interest paid on a home mortgage (prime
residence only)qualifies for a tax deduction. You can claim interest paid
for a second home mortgage or qualifying boat loan (and maybe an RV ....
not
sure) only if you don't have a mortgage on your prime residence that you
are claiming a deduction for.

Car loan and credit card interest deductions were phased out.

Eisboch


I think you've got that wrong. It may be that the AMT rules require
the lack of a mortgage on your main home, but generally you can deduct
mortgage interest for both your main and second home, which may be a
boat or an RV meeting the criteria.

http://www.irs.gov/publications/p936/ar02.html
--


Your right. I must have been thinking about claiming the Homestead thing
or something.
You can deduct interest paid on a first and second house, or a first house
and boat or RV if they have the required sleeping quarters and living
basics.

http://www.excelcredit.com/tax_deductible.htm

Eisboch