Hello rajarshim
Interestingly enough, the US tax code makes no substantive
distinction between United States based real estate and real estate in a
foreign country, when it comes to the question of being able to deduct
mortgage interest or property taxes. In point of fact, the rules for
being able to deduct either are the same.
Therefore, in order to
proceed mechanically in TurboTax, just make your entries in the
deductions section as though the Indian home were your home in the
United States.
Here is a well-written article on this exact topic that you may additionally find interesting:
http://www.taxsamaritan.com/tax-preparation/foreign-mortgage-interest-deduction/
This information was provided by
TurboTaxGeoffreyG
, TurboTax Employee; EA, MBA
Thank you for using Turbo Tax.
