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Tax on overseas property

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Hi. Can I claim tax benefit on overseas property while I am working and paying taxes in India? The property is rented but the rent does not cover the mortgage. Thanks

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  1. no,tax will be levied on yor income incur from overseas including property.

    & NO DEDUTION WILL BE MADE FOR THAT ALSO.


  2. There is no U.S. tax benefit that I know of for your housing situation.

    But your income tax is almost non-existing as an expatriate.

    Check with the IRS, but last time I checked the first 88,000 that you make is not taxable. (You do have to pay local taxes of course)

    Best of luck with your real estate.
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