My wife and I are planning on buying a house for my wife's mom in Denmark. She'll be paying rents to us (say ~1,000 dollars a month). I was wondering what I need to do with taxes. I'm not sure if we're getting a mortgage through a bank in Denmark, or a home equity loan in the US. If we get a mortgage in Denmark, the money will never come to the US (the rent goes straight to the mortgage payment in Denmark). However, if we get a home equity loan here, then we'd move the money to pay the monthly payment in the US. Either way, we plan to use our savings (~50k) as a down payment for the house.
