Hi, I purchased a home in India in 2024, and the property is financed through a mortgage loan from a foreign bank (based in India). I paid interest on this loan in 2024, and the property is not being rented. Can I deduct the interest paid on this mortgage when filing my US tax return? If so, how should I enter this information in TurboTax Premium?
Additionally, I already have a home in the US with a mortgage and interest paid, which is being deducted as a primary home.
Also, I paid taxes during the home closing in India. Can I deduct those taxes? If yes, how should I enter those in TurboTax as well?
