My wife owns a home in Mexico. We are filing itemized, jointly. Can we deduct interest paid on the house?

charlescaison · ‎June 6, 2019

IsabellaG · ‎June 6, 2019

Yes, you can claim the interest paid on the mortgage if this is a second home. You are able to deduct your home mortgage interest on your principal residence and one second home.

If this was rental or business property, you could deduct that interest as a business expense.

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View solution in original post

IsabellaG · ‎June 6, 2019

Yes, you can claim the interest paid on the mortgage if this is a second home. You are able to deduct your home mortgage interest on your principal residence and one second home.

If this was rental or business property, you could deduct that interest as a business expense.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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My wife owns a home in Mexico. We are filing itemized, jointly. Can we deduct interest paid on the house?