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Foreign mortgage interest deduction
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Hi We are naturalized US citizens and have a question on our secondary home mortgage interst deduction . We took loan to build a seconday home in foreign country ( where we born) . The enteir loan was processed on tha country and they don't have any branches in US. All the payment will...
Foreign Mortgage Interest Deduction
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HELLO, I am a retired teacher living in Ireland. I own a pprimary home and a holiday home in Ireland. I am aware that my mortgage interest is deductible on my IRS form I submit from Ireland. The question is: My mortgage interest is just about equal to my U.S. pension. That is the only income...
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I have friends: A, B and C. Friend A bought a home for each friend B and C, with a non occupant mortgage on each property. The purpose was to help B and C achieve home ownership with the understanding that within 5 years, B & C would each secure a mortgage and cash out the 20% down payment that A...
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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,
Assuming my moms mortgage and getting the interest deduction.
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My mother who is 80 has a home with a terrible mortgage. I want to pay down the loan from 295K to 60K or make a 235K payment. I want to refinance the terms on the remainder (60K) and place my name with hers on the loan. Basically assume the loan and make the payments, with both parties... View more questions Search
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