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    epicurus's Avatar
    epicurus Posts: 2, Reputation: 1
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    #1

    Apr 7, 2007, 08:23 PM
    Tax Deduction for Foreign Mortgage Interest
    If I borrow money from a foreign lender for a property in the U.S. can I get income tax deduction for the mortgage interest I paid to the foreign bank?

    Thanks,
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Apr 17, 2007, 08:53 AM
    Yes, if you identify the bank on Schedule A.
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