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arnaudbat
New Member

Hi, my wife owns a property abroad in hong kong. Her parents stay in the home for free (no rent). Can i declare it as a property rental and include all the interest?

 
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Hi, my wife owns a property abroad in hong kong. Her parents stay in the home for free (no rent). Can i declare it as a property rental and include all the interest?

No ... you do not have a rental ... you have a second home that family lives in ... you can deduct the Real Estate taxes paid on the Sch A .... and the mortgage interest if you qualify ... review the changes here : 

https://ttlc.intuit.com/questions/4482394-how-will-tax-reform-affect-my-2018-federal-tax-return?jump...

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5 Replies

Hi, my wife owns a property abroad in hong kong. Her parents stay in the home for free (no rent). Can i declare it as a property rental and include all the interest?

No ... you do not have a rental ... you have a second home that family lives in ... you can deduct the Real Estate taxes paid on the Sch A .... and the mortgage interest if you qualify ... review the changes here : 

https://ttlc.intuit.com/questions/4482394-how-will-tax-reform-affect-my-2018-federal-tax-return?jump...

arnaudbat
New Member

Hi, my wife owns a property abroad in hong kong. Her parents stay in the home for free (no rent). Can i declare it as a property rental and include all the interest?

could you please clarify and the mortgage interest if you qualify .

Hi, my wife owns a property abroad in hong kong. Her parents stay in the home for free (no rent). Can i declare it as a property rental and include all the interest?

Read the mortgage info in the link for the changes.
arnaudbat
New Member

Hi, my wife owns a property abroad in hong kong. Her parents stay in the home for free (no rent). Can i declare it as a property rental and include all the interest?

hello, i want to input the mortgage interest for my second home, where should it be reflexted in the tax return?

Hi, my wife owns a property abroad in hong kong. Her parents stay in the home for free (no rent). Can i declare it as a property rental and include all the interest?

Sch A.
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