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Deductions & credits
Hello,
I have a related question on deducting home loan interest for the home owned in India.
I am on F1 OPT visa, working in US and plan to take home loan in India for the home owned by me and my brother.
If the home is jointly owned by both of us and also the home loan is sanctioned under our both names, but if I alone pay the entire (100%) of interest on the loan amount, can I alone claim (100%) of the interest payment towards my US tax deductions?
Also, which section of 1040NR form can I claim this deduction?
Thanks!
‎February 16, 2021
5:06 AM