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When using funds from a 401k to purchase a home overseas, can i deduct any part of it on my taxes?

 
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Level 15

When using funds from a 401k to purchase a home overseas, can i deduct any part of it on my taxes?

No.  There is no deduction for a home purchase from a 401(k) regardless of where the home is.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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Level 15

When using funds from a 401k to purchase a home overseas, can i deduct any part of it on my taxes?

No.  There is no deduction for a home purchase from a 401(k) regardless of where the home is.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

View solution in original post