HelenaC
New Member

Deductions & credits

To enter your mortgage interest but you did not get form 1098-Mortgage, click on What if I don’t have a 1098 mortgage interest statement?

One of the biggest perks of the Mortgage Interest Tax Deduction is its international reach. In fact, qualifying  U.S. taxpayers may claim this deduction on their foreign mortgages. Of course, the claimed home must serve as a primary or secondary residence and can't be added to the two-home deduction limit that the IRS imposes. There are few geographical restrictions for this deduction.

Virtually anyone who pays taxes in the United States can claim this deduction. This includes citizens, permanent residents and certain long-term visa holders. Even recent immigrants who rent properties in the U.S. while continuing to own homes in other parts of the world may claim this deduction. However, non-citizens who claim this deduction stand a far greater chance of being audited by the IRS than permanent U.S. residents.


Law Dictionary:
http://thelawdictionary.org/article/can-i-deduct-mortgage-interest-on-a-home-outside-of-the-u-s/#ixz...

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