Can I deduct mortgage inerest on a foreing loan?

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Can I deduct mortgage inerest on a foreing loan?

Yes, a taxpayer can deduct mortgage interest for a foreign loan if the loan is secured by the home and the taxpayer is provided with a year end statement with a tax ID number.

To enter mortgage interest

Click on Federal Taxes (Personal using Home and Business)
Click on Deductions and Credits
Click on I'll choose what I work on (if shown)
Under Your Home
On Mortgage Interest, click on the start or update button

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