Mortgage interest and property tax deductions

jacey2012 · Post by **jacey2012** » Sat Apr 13, 2013 7:51 pm

I am a US/Canadian citizen and have lived and worked in Canada for 3 years. I purchased a home in Canada last year. Can I deduct the mortgage interest and property tax of this house on form 1040 schedule A?

nelsona · Post by **nelsona** » Sun Apr 14, 2013 7:54 am

Yes, but why would you need to. Surely you owe no tax on your US return, or you are not doing it properly.

jacey2012 · Post by **jacey2012** » Sun Apr 14, 2013 10:00 am

My husband is still living and working in US, so we need to do married filing jointly.
I use an online tax software to do our taxes. Before I put in my income, my husband has refunds. Although it said, my income is excluded, after I put in my income, it showed we owe taxes. I don't understand why, but at this point, just trying to find deductions we can use to reduce taxes. I followed the questions asked on the software and enter our numbers, really don't know where did I enter wrong????

nelsona · Post by **nelsona** » Mon Apr 15, 2013 11:45 am

Probably because you joint income exceeds the exclusion limit, and are having to use a modified tax calculation.