Can TurbotaxCarolynM answer my question? I am getting contradicting answers. I am US resident for tax purpose. This year 2018, I bought real estate property in foreign country. It is just a residential house construction lot. My intention is to built a second home on the lot. I also paid Value Added Tax (VAT) for real estate property, and registration fees. The tax exceeded $10000. (it is in EU, but not UK). From the answers for Enthusiast I understand the VAT is deductible. What I do not know where to enter it in Turbotax 2018 Home & Business.
