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Are foreign rental property(primary residence) mortgage interest deductible w/o Form 1098?

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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Accepted Solutions
SusanY1
Expert Alumni

Are foreign rental property(primary residence) mortgage interest deductible w/o Form 1098?

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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1 Reply
SusanY1
Expert Alumni

Are foreign rental property(primary residence) mortgage interest deductible w/o Form 1098?

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. 

**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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