You'll need to sign in or create an account to connect with an expert.
Any deduction that you claim will have to be on your 2017 taxes, if you paid no interest in 2016.
Home mortgage interest on a second home is deductible even if the mortgage is on a property located outside the US. You won't have to send proof of the mortgage with your return, but you'll hold on to the documentation in case the IRS ever questions it. You would covert to US currency for the interest paid as of the date of the payments. It's a calculation that you'll perform separately, not in TurboTax.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
maryjohns10
New Member
wheelermurray
New Member
user17759584857
New Member
cmiller842
Returning Member
thepadilha
New Member