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Old 03-27-2014, 05:39 PM
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Mortgage Interest Deduction on a US Property while living abroad

Hi – I am a US citizen currently living in the State, but would be moving to a foreign country to pursue a job opportunity within the next few months. I currently own a townhome in the US and pay mortgage dues on that. I am aware that I will have to file a return in the US while I am abroad, but was wondering if I can continue to claim mortgage interest deduction.

Would appreciate a response



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Old 03-27-2014, 07:21 PM
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Location: Huntington Beach, CA
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In response to your question(s);

First, I am going to ignore all other issue(s) and only address the specific issue(s) you had a question about.

Yes, you are allowed to deduct the interest and the property tax(es) paid. The fact that you will be living abroad, ex-patriot, does not change the tax code for the deductibility of the interest or property tax(es) paid. This advice applies only to Federal law. Your State may have different rules.

My advice to you is to find a competent tax professional in your area, who has experience with people who work abroad.

Best regards,

Ron Fenney
Tax Accountant
Huntington Beach, CA



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