Registration Fees for apt purchased in India: US Taxes

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mindOrHeart
Posts: 48
Joined: Wed Dec 24, 2008 11:30 pm

Registration Fees for apt purchased in India: US Taxes

Post by mindOrHeart »

I have purchased an apt in India in 2009, registered on my name. I did not take any loan from any financial institution for purchasing this property. I have rented this property.

I do not own a house in US.

Can I deduct Apt Registration fees (paid in India) in 2009 US taxes? If so, which form should I use to show these deductions.

I saw threads about mortgage but not on claims about the reg fees, so posting a new thread.

Thanks.
gwldaddu
Posts: 909
Joined: Wed Mar 05, 2008 12:22 am

Registration Fees for apt purchased in India: US Taxes

Post by gwldaddu »

If I buy a house in USA, I can not deduct the closing costs (except points). So, I would say, same applies to you. What you call registration charges is actually the closing fees. That is not deductible.

Not sure if rules are different for rental property. It is afterall a business expese...
mindOrHeart
Posts: 48
Joined: Wed Dec 24, 2008 11:30 pm

Registration Fees for apt purchased in India: US Taxes

Post by mindOrHeart »

I was not aware that closing posts for a US house can not be deducted while filing taxes.
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