In the section "Tell Us About Any Foreign Trusts", should the answer to "I received a distribution or a loan from a foreign trust" be 'Yes' in this scenario?
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this is not a foreign trust -- it is foreign bank.
Your second home in India , the mortgage interest payment ( EMI ) is eligible for deduction just as if ( or in addition to ) the home was in the USA. Ditto for any property taxes
Are you a citizen/resident( Green Card ) / resident for tax purposes?
this is not a foreign trust -- it is foreign bank.
Your second home in India , the mortgage interest payment ( EMI ) is eligible for deduction just as if ( or in addition to ) the home was in the USA. Ditto for any property taxes
Are you a citizen/resident( Green Card ) / resident for tax purposes?
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