Query regarding housing loan savings in USA

[Jaya Krishna Chintala]

Hi Team,

I work in US and I have an active housing loan in India. Can I use that for savings in USA?

Thanks.

[immihelp]

Your question is not clear. Please rephrase it.

[raghvi]

Your question is not clear. Please rephrase it.

Housing loan benefit is a Indian Tax privilege not US Tax benefit. You cannot claim Indian housing loan benefit in US Income Tax. So you would continue to pay EMI in India but not get any tax benefit on them in US.


This is my opinion not legal advice.

[Jaya Krishna Chintala]

Housing loan benefit is a Indian Tax privilege not US Tax benefit. You cannot claim Indian housing loan benefit in US Income Tax. So you would continue to pay EMI in India but not get any tax benefit on them in US.


This is my opinion not legal advice.

Thanks Raghvi. I got it now.