Foreign earned income exclusion and mortgage interest/principle expenses I live full time overseas, and qualify for foreign earned income exclusion, which allows me to consider rent payments as a deductible expense.
If I purchase a home overseas, and live in it full time, will I be able to write off the mortgage principle payments as well as the mortgage interest payments as expenses?
Since I can deduct rent as an expense, it seems logical that mortgage principle payments would also be considered a deductible expense, but I cannot find clear guidance in the Tax publications.
I am trying to compare the cost of renting versus buying real estate overseas.
Should I buy or rent? |