Canadian Mortgage Interest and RE Taxes

sabad66 · Post by **sabad66** » Sun Oct 04, 2015 3:20 pm

I am a dual citizen, born and raised and still live in Calgary AB. I purchased a home in Calgary on Jan 2014. In total I paid about $9000 CAD mortgage interest + $1900 local city property tax (Calgary Alberta) in 2014.

My question is, am I allowed to list these in itemized deductions? The mortgage interest under 1040SA Line 11? And then for the local city property tax on line 7?

I think this would be put me at a position where I have a higher amount than the standard deduction.

Are there any other deductions I could make with my foreign mortgaged property?

thanks

nelsona · Post by **nelsona** » Sun Oct 04, 2015 9:33 pm

Yes, you are allowed to clim these along with other Cdn income taxes paid.

However, do you really need to? Most US taxpayers living in Canada do a simple return using the standard deduction, and the foreign earned income exclusion and/or the foreign tax credit and pay no tax to US.

Finding US deductions and credits other than those is merely an exercise.