Foreignhomebuye
Junior Member
What is the name of your state? New York
I am planning on buying a property in India. This will be my first property. There will no rent earned on this property. HSBC's local branch in India is offering me a loan in local currency. Is the interest paid on this loan tax deductible?
I have been filing US taxes for the last four years but do not have a green card. So not sure if that changes anything.
I am planning on buying a property in India. This will be my first property. There will no rent earned on this property. HSBC's local branch in India is offering me a loan in local currency. Is the interest paid on this loan tax deductible?
I have been filing US taxes for the last four years but do not have a green card. So not sure if that changes anything.