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Posted by afruscione on March 10, 2007, 1:06 am
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I am paying mortage interest to a bank in Italy for a
second home I am buying in Italy.
I am trying to find out if or not I need to pay US taxes
on these interest.
I think I do (at the 15% under the Italy/US tax treaty)
unless they can somehow be classified as portfolio
interest (for which I do not know the definition).
Anyone can help?
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