US Tax Question - US Citizen buying Property in HK



ORIGINAL POST
Posted by courtbas 18 yrs 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.


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COMMENTS
Oski 18 yrs 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.

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