Posted on: 16th Oct, 2013 02:27 am
Will I be able to claim rental income in order to buy a second home on mortgage?
Hi Guest,
As far as I know, you will not be able to claim rental income while buying a second home on mortgage unless you have reported the income for 2 years on your IRS 1040 Schedule E.
Take care
As far as I know, you will not be able to claim rental income while buying a second home on mortgage unless you have reported the income for 2 years on your IRS 1040 Schedule E.
Take care
Welcome Guest,
When you apply for a mortgage with a local lender, he will check all the documents and let you know whether or not you will be able to claim the rental income while applying for the mortgage.
When you apply for a mortgage with a local lender, he will check all the documents and let you know whether or not you will be able to claim the rental income while applying for the mortgage.