Mortgage Interest paid to bank in Canada

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Mar 14, 2007, 02:17 PM

mpeets

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Join Date: Mar 2007

Posts: 1

Mortgage Interest paid to bank in Canada

I am a Canadian citizen and now work in the U.S. under a TN Visa I bought a house just across the border in Canada. The mortgage is with a bank in Canada, and they do not issue a Form 1098. Can I deduct the mortgage interest and property taxes on my U.S. tax return? If, so, what documentation would i need?

Answers

Mar 18, 2007, 05:28 PM	#2

AtlantaTaxExpert Senior Tax Expert Join Date: Feb 2005 Location: Atlanta, Georgia Posts: 13,323	Yes, you can deduct that interest. You just need to identify to whom you are making the interest payments.

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