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Second home/cond interest and taxes

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    #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.
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    #2
    MORTGAGE INTEREST Definition & Meaning - Black's Law Dictionary
    http://thelawdictionary.org/article/can-i-deduct-mortgage-interest-on-a-home-outside-of-the-u-s/
    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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      #3
      Thanks

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

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      This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

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