Client bought a condo last year as his primary residence. No problem there with the mortgage interest and property tax deduction.
But a few months after he bought the home, he purchased a parking space nearby (not in the same building, but in next block.). Is the mortgage interest and property tax that he pays for this parking space deductible?
Interesting scenario, isn't it?
But a few months after he bought the home, he purchased a parking space nearby (not in the same building, but in next block.). Is the mortgage interest and property tax that he pays for this parking space deductible?
Interesting scenario, isn't it?
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