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Old 04-30-2013, 09:51 AM   #1
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Has anyone claimed their Redwood as a second home on taxes?
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Old 04-30-2013, 10:12 AM   #2
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My CPA recommended that the Redwood be claimed as a second home. Also claimed my previous Carriage unit as well.
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Old 04-30-2013, 10:26 AM   #3
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I thought you could from a few articles on Google, thanks for the info., I already stopped paying State tax as of July 1, 2012 when I retired from the State. Every little bit counts.
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Old 04-30-2013, 10:36 AM   #4
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According to the IRS stipulation, a 2nd home needs to have the following;
1. Kitchen
2. bathroom
3. Bedroom

As long as those three requirements are met, you can claim the INTEREST on the loan. (up to I believe 1mil).
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Old 04-30-2013, 11:21 AM   #5
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Steve is correct. I'm no CPA, but unless you already own a 2nd home, the Redwood qualifies as one. I claimed mine.
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Old 04-30-2013, 11:41 AM   #6
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We claimed our 36RL as a second home before we sold the house and had no problems.
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Old 04-30-2013, 12:35 PM   #7
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Thanks everybody, I wasn't sure and there are others that needed to know as well. I will have 12 months on the 2013 taxes for sure.
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