Tax deduction on mortgage interest payment for foreign property Hi,
I am in California on H1B visa. I am considered a tax resident (spend >183 days in a year here).
I am considering buying a property in Australia (my home country, as defined by Homeland Security)
Can I offset my US income tax with the mortgage interest payment? Would this impact my future green card application? What if I leave the US in the future, do i have to declare capital gains tax one day?
Thanks.
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