Sent: Wednesday, February 14, 2007 6:05 PM To: taxman at centa.com Subject: mortgage interest and tax Hello: I’m a cdn citizen working on a TN visa in Virginia. I’m thinking of purchasing a home here, and I’m not clear if the mortgage interest and tax are tax deductible. The home will be my primary residence, will be used for nothing else. Best regards, ---------------------------------- david ingram replies Your Mortgage interest and property taxes are dedcutible on schedule A of your US 1040 return. If you had kept a cottage at Collingwood or Whistler of the Gaspe or Lake Winnipeg or anywhere else in Canada, France, Australia, etc., the taxes and interest on your second vacation home would also be deductible even if the property was not in the USA. David Ingram's US / Canada Services US / Canada / Mexico tax, Immigration and working Visa Specialists US / Canada Real Estate Specialists My Home office is at: 4466 Prospect Road North Vancouver, BC, CANADA, V7N 3L7 Cell (604) 657-8451 - (604) 980-0321 Fax (604) 980-0325 Calls welcomed from 10 AM to 9 PM 7 days a week Vancouver (LA) time - (please do not fax or phone outside of those hours as this is a home office) email to taxman at centa.com www.centa.com www.david-ingram.com Disclaimer: This question has been answered without detailed information or consultation and is to be regarded only as general comment. Nothing in this message is or should be construed as advice in any particular circumstances. No contract exists between the reader and the author and any and all non-contractual duties are expressly denied. 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