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    e078449's Avatar
    e078449 Posts: 1, Reputation: 1
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    #1

    Sep 2, 2012, 08:56 AM
    Tax on foreign loan
    If I borrow money from a foreign company (not ncecessarily a bank) to buy rental properties in US, can I have the tax deduction of the interests from the foreign loan?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Sep 2, 2012, 07:26 PM
    Yes, as long as you can prove that the rental properties have been used to secure the loan.
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