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

    Nov 8, 2005, 04:17 PM
    Mortgage interest and real estate tax deduction for J-1 visa
    Hi,
    I am in the US for 18 months, as an exchange professional. I plan to buy a condo or co-op in NYC and would like to know if I can deduct the interest on mortgage loan and the tax included in the monthly maintenance, from my taxed revenue?
    Thanks
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Nov 9, 2005, 09:17 AM
    Emilian:

    Since you are under a J-1 visa, I assume you are an "exempt individual" as defined by IRS Pub 519. If so, you will file a tax return as a non-resident alien (Form 1040NR or 1040NR-EZ).

    This being the case, you cannot claim mortgage interest or property taxes as an itemized deduction on the SChedule A attached to Form 1040NR.
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