Condo Purchased In Canada
I currently live and work in US (and pay income tax here). I purchased a condo in Canada where my mother lives last year. In order to avoid having to pay tax to Canadian government (I will be considered a residence if I own property there) I purchased the condo in my mom's name and signed on as a "guarantor" for the loan. The bank knows us well and was willing to make that arrangement. I am paying the entire mortgage monthly payment and wonder if I can claim it on my tax filing here and deduct the interest payment.
Consult with a good real estate CPA.