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nethajij
Mar 27, 2009, 04:25 PM
I am working in NY and living in NJ since 2006.

I bought a home in India in 2008 and it is registered on my father's name. Can I claim the expenses incurred on buying this home, property tax, registration cost on my US tax returns? Please clarify.

MukatA
Mar 27, 2009, 05:28 PM
No.
1. House is not in your name.
2. All these expenses are capital expense and are not deductible.

nethajij
Mar 30, 2009, 01:52 PM
Thank you, MukatA.