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    FRANKBBC's Avatar
    FRANKBBC Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 2, 2008, 12:21 PM
    Interest expense deduction on mortgages in Puerto Rico
    I live and work in the state of Illinois since April 2006 and pay rent for an apartment.

    I own an apartment in Puerto Rico that use as my primary residence
    There. I have a mortgage on this property and would like to know if
    I can ideduct the interest expense when I file my US tax return. Puerto Rico
    Is an associated state and a commonwealth of the US.

    Thank you
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Mar 2, 2008, 01:15 PM
    Yes, you can claim mortgage interest deductions if you itemize your deductions.
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