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Old 01-04-2007, 06:42 AM
River River is offline
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Join Date: Apr 2007
Posts: 1
Default US IRS Tax on Overseas Property

Hello everyone,

I bought a house in the UK last year (I have US and British citizenship). I arranged an interest-only mortgage with a UK bank, and my mortgage payments are made in the UK from a British bank account I maintain.

I have lived and worked in the US for years, and only file taxes in the US. I want to deduct my mortgage interest payments from my US IRS tax filings, and have the following questions:

- Anyone know the IRS form to file for an overseas mortgage on an overseas property?

- What paper work should I submit to the IRS? In the US, financial institutions autogenerate the appropriate forms. What paperwork does the IRS require to be filed if a mortgage is with an overseas bank?

- Any other advice regarding my scenario would be much appreciated.

Thank you for reading. I have done a lot of google searches but have been unable to find clear information.

River
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