Getting prepped for the tax season for assisting my daughter. She bought a flat this year with her partner. She files using the foreign tax credit, not feie. Is she able to offset any mortgage interest? And if so, does she just look at how much interest she has paid this tax year and assume 50% of it, as they are not married ?
I never had to do this, so complete novice. I now have a tax preparer but she would like to save money and self prepare as everything is now set up legit with our dual qualified ifa