pk
Level 15
Level 15

Deductions & credits

@will1ellen , can you tell me a little bit more of your situation --- (a) are US citizen/Resident/Resident for tax purposes; (b)  is your tax home in the USA or are you abroad; (c) which country is the rental property in;  (d) the taxes you paid  to the foreign taxing authority is a flat fee  ( based on size or location or ?? ) or based on actual gross/net rent; (e) did you file a  schedule-E  for the rental property; (f) is this your first year of rent; (g)  did you recognize depreciation on the property  ?      I ask these  because I am not sure I understand why you are  trying to allocate  interest expenses across  diferent investment ( work sheet referenced area is for that purpose only ).

Await your answers