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I live in US and bought an apartment in India. I file taxes both in India and US. Can I claim tax deduction on mortgage interest for a home loan in both the countries?
I bought an apartment in India last year, it's still under construction and I have a home loan going there. I live in US but I pay taxes and file returns both in US and India. The question is, can I claim tax deduction for mortgage interest both in India and US? One CPA I talked to said there is no rule saying this is invalid, so I want to get a second opinion. Can you provide your opinion? Thanks.
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‎June 1, 2019
1:03 AM