Can i claim the tax deduction on interest of housing loan for a property purchased abroad?

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Can i claim the tax deduction on interest of housing loan for a property purchased abroad?

I availed a loan in the foreign country and purchased a property in a foreign country . Will i be able to claim deduction on the interest of the housing loan in USA?

2007-02-13 18:54:27 · 2 answers · asked by ramugeetha 1 in Business & Finance ➔ Taxes ➔ United States

2 answers

If this is your principal residence or a second home, yes the mortgage interest is deductible.

2007-02-13 22:04:53 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋

No, no longer when you're filing one at a time. in trouble-free terms the vendors of record can declare the sources taxes. in trouble-free terms the get mutually on the loan can declare the interest deduction. Why are not you filing a joint go back?

2016-12-04 04:00:54 · answer #2 · answered by Anonymous · 0⤊ 0⤋