For purposes of computing the deduction for qualified residence interest, a qualified residence includes only the taxpayer's principal residence and one other residence.
True
False
true
A qualified residence includes the taxpayer's principal residence and one other residence of the taxpayer or spouse. The principal residence meets the requirement for nonrecognition of gain upon sale under § 121. The one other residence, or second residence, is used as a residence if not rented or, if rented, meets the requirements for a personal residence under the rental of vacation home rules.
