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    #1

    2nd Home in Canada

    Does anyone know if interest on mortgage and taxes on a second home in Canada are qualified as itemized deductions for a US citizen living and working in the US? I have been wading through the US/Canada treaty but have not found my answer yet
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    #2
    Code section 164(a)(1) says foreign property taxes are deductible.

    Code secton 163 does not contain any restriction that limits mortgage interest to property located in the U.S.

    A second home located in Canada qualifies for both deductions.

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      #3
      2nd Home in Canada

      Thanks for the info Bees Knees

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