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Real Estate


Tom Kelly
Tom Kelly
The Real Estate Adviser
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August 2, 2007

The Real Estate Adviser: More than two homes? Time for a tax check

By TOM KELLY
Special to the Journal

Why is mortgage interest deductible without limit on two homes and not just the primary residence?

Some accountants have jokingly referred to the concept as the “Congressman's Rule” because some of our lawmakers have a residence in the nation's capital and another in their home state.


 
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