Second home/cond interest and taxes

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  • Redneck
    Senior Member
    • Jun 2005
    • 184

    #1

    Second home/cond interest and taxes

    Interest and property taxes paid on a second home/condo located outside of the US. deductible or not. Can't find anything about a home on foreign soil.
  • taxea
    Senior Member
    • Nov 2005
    • 4292

    #2
    Find the legal definition of MORTGAGE INTEREST from Black's Law Dictionary, 2nd Edition. Mortgage interest paid is tax deductible. Monies paid above principal for providing the loan to purchase the borrower's home. Paid by a home mortgage...
    Believe nothing you have not personally researched and verified.

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    • Redneck
      Senior Member
      • Jun 2005
      • 184

      #3
      Thanks

      Thanks for the response taxea. The link was most helpful. Red

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