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I own an apartment in Israel that I rent to a family who lives there. I have a mortgae from an Israeli bank and did not get a 1098. Can I claim interest payments?

 
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2 Replies

I own an apartment in Israel that I rent to a family who lives there. I have a mortgae from an Israeli bank and did not get a 1098. Can I claim interest payments?

Yes, as part of your rental expenses.  Do not use it as an itemized deduction.

Carl
Level 15

I own an apartment in Israel that I rent to a family who lives there. I have a mortgae from an Israeli bank and did not get a 1098. Can I claim interest payments?

You don't need a 1098 to claim the mortgage interest, insurance or property taxes paid. You can still claim those expenses. Just make sure that, in case you're ever audited, you have the paperwork to prove those expenses.

Also understand that your foreign rental property is *NOT* depreciated over 27.5 years since it's not in the U.S.

- If placed in service in 2017 or earlier it's depreciated over 40 years.

- If place in service in 2018 or after, it's depreciated over 30 years.

 

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