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

    Apr 12, 2013, 09:03 PM
    Foreign Tax
    I have a investment interest expense deduction that I may use at sometime to benefit me on my taxes. I have long term property that has been sold in Norway. I am aware that I will have to pay 28% tax to Norway and also include it as income on my taxes. I think I should be able to take a foreign tax credit . Am I able to use my investment interest expense deduction carried forward to eliminate my 28% to Norway?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Apr 13, 2013, 11:35 AM
    I do not think so. However, you REALLY need to get face-to-face tax advice from an experienced tax professional who can consider all aspects of your tax situation.
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