Mortgage interest

[Earl]

Mortgage interest is limited to 2 homes

Taxpayer owns his residence and has a second home on which he is deducting mortgage interest.

During the year he sells primary residence (say on June 30) and purchases a new primary residence.

Can he deduct the mortgage interest on Primary residence sold, new residence bought, and prior second home since this would be more than limit of 2 homes.

[Burke]

As long as he did not own the primary residences during the same time, he should be able to deduct.