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

    Mar 27, 2010, 05:57 PM
    Can I deduct mortgage interest from a US Bank Mortgage on a Mexico Home?
    We own one home, and it's in Mexico. My wife lives there full time, and I commute to and from the States. We have a mortgage from a US bank in dollars for this home in Mexico. Can we deduct the interest payments for this home on our tax returns?
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #2

    Mar 28, 2010, 01:09 AM

    Yes, if it is your main home or second home. This is itemized deduction.

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