rkocharlakota
Nov 25, 2009, 01:25 AM
Dear Intl Tax Expert,
From the above answer, I understood that I cannot take the deduction for the Foreign home mortgade interest paid to aforeign banker simply because, the banker has the oblication to pay 30% to IRS and they will not usually do it.
Please advise further on this. Also, kindly tell me the legal inplications of it from the IRS point of view.
Warm Regards,
Ramakrishna
From the above answer, I understood that I cannot take the deduction for the Foreign home mortgade interest paid to aforeign banker simply because, the banker has the oblication to pay 30% to IRS and they will not usually do it.
Please advise further on this. Also, kindly tell me the legal inplications of it from the IRS point of view.
Warm Regards,
Ramakrishna