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    itsrkkishore's Avatar
    itsrkkishore Posts: 4, Reputation: 1
    New Member
    		  
    #1

    Mar 4, 2009, 09:01 AM
    Other Country Home Mortgage Loan Can Cliam in US Tax Returns
    Hi,

    Some of my friends told that we can cliam the other country home mortgage loan in US tax returns even if you don't have house in US. Is this true? If so up to how much we can cliam.

    I am on H1 and this year I am filling the tax returns jointly. I have house only in India.

    Thanks in Advance

    Regards
    Kishore
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Mar 4, 2009, 11:38 PM

    This deduction is itemized deduction. You will take deduction only if your itemized deductions are more than your standard deduction, which is unlikely in your case. Read: Your U.S. Tax Return: Itemized Deductions
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