Are foreign property(primary residence) mortgage interest deductible in the rental property section?
I do Airbnb in my flat in Europe and don't have Form 1098. Can I still insert interest paid here? Thank you!!
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Yes, the interest paid on foreign property is deductible the same as if the property were in the U.S. If you are allowing TurboTax to do the allocation between personal and rental enter the full amount of the interest here and it will apportion it between Schedule E and Schedule A for you.
Yes, the interest paid on foreign property is deductible the same as if the property were in the U.S. If you are allowing TurboTax to do the allocation between personal and rental enter the full amount of the interest here and it will apportion it between Schedule E and Schedule A for you.
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