US Tax Question - US Citizen buying Property in HK

Posted by courtbas (102 days ago)

Hi,

If a US citizen buys a property in HK, would he/she still be qualified for the Foreign Housing exclusion? And can he/she deduct the mortgage interests the same way as it is done in the US?

Thanks.

(I am based in Hong Kong)

Find what you are after in our Hong Kong A-Z Directory

Tags taxes

Posted by Oski (102 days ago)

I am not 100% sure on this. However, based on the instructions that came with the tax forms and tax preperation software, it appears the Foreign Housing exclusion only applies to rent Mortgate interest gets deducted the same way as US mortgage.

(I am based in Hong Kong)