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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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.
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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