Claiming Overseas Property As Deduction
Hi all,
I am about to file my '07 US taxes as a resident alien. I am an Australian citizen and have a property that is being rented in Australia. My question is - can I claim expenses related to my Australian property (interest, mortgage repayments, etc) on my US tax return? The loan I have is not with a US bank. Bear in mind, I have also claimed these deductions on my Australian return which I have already filed for the same year.
Any help would be greatly appreciated!