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huangbiz2009
New Member

Can I deduct mortgage interest on a home overseas?

I live in China, and plan to buy a house in China.  If I get mortgage from a Chinese bank, is it qualified to deduct mortgage interest?  Thank you. 


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Accepted Solutions
DoninGA
Level 15

Can I deduct mortgage interest on a home overseas?

You can deduct as an itemized deduction on Form 1040 Schedule A any mortgage interest that you paid on a loan for a primary or secondary home, regardless of where that home is located in the world.

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3 Replies
DoninGA
Level 15

Can I deduct mortgage interest on a home overseas?

You can deduct as an itemized deduction on Form 1040 Schedule A any mortgage interest that you paid on a loan for a primary or secondary home, regardless of where that home is located in the world.

huangbiz2009
New Member

Can I deduct mortgage interest on a home overseas?

Thank you!
vikramaravamudha
New Member

Can I deduct mortgage interest on a home overseas?

Is there an IRS rule that you can link us to please?
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