A taxpayer can take an itemized deduction for so-called “qualified residence interest”. Generally, this is interest paid on a mortgage secured by what the tax law calls a “qualified residence”.
A “qualified residence” is a principal residence (e.g., the taxpayer’s primary home) and one other residence owned and used by the taxpayer as a residence (vacation home or home used by a family member). These rules remain the same under the new law, and it does not matter whether the residence is located in the United States or overseas.
@dinky_123
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
