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Topic: USA taxes and mortgage interest  (Read 140 times)

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USA taxes and mortgage interest
« on: December 14, 2024, 09:02:37 AM »
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


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Re: USA taxes and mortgage interest
« Reply #1 on: December 14, 2024, 10:15:26 AM »
Your daughter can deduct any amount of interest she paid. In practice this is unlikely to affect the US tax position.


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