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Financial Planning / Tax Strategies


Subject:  Foreign housing exclusion or deduction?? Date:  3/5/2001  10:23 AM
Author:  CdSlc Number:  47688 of 124773


I was reading IRS publication 590 (IRA's) when I came across the term 'Foreign housing exclusion or deduction' on page 37 under section 'Modified AGI' point 2-d. Can somebody please explain this term to me? Do I get a deduction if I have a house in a foreign land?

Thanks for any help,

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