Client works/ resides in Hong Kong (since June 2007). He has income $50,000 above the excluded amount. He purchased a condo in Hong Kong. I believe I can also take either the housing deduction or the housing exclusion. I know housing repairs, insurance, utilities all can be used, but what about mortgage interest/ real estate taxes for their Hong Kong residence? I also realize Hong Kong is in a "high cost" locality; however that is factored in.
I appreciate any feedback, as the research I've done has been conflicting.
I appreciate any feedback, as the research I've done has been conflicting.
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