Reply to thread

Message: <blockquote data-quote="rab" data-source="post: 307499"><p>I live in the US and sold a property in Holland last year, that i owned for 6 years.  It was my residence before I moved to the US in 2004. I then rented it out for 2.5 years.   I bought it for $209, 000 dollars, and sold it for $228,000.  During these years I paid mortgage interest of $70,000.   Would this interest be considered when calculating the gain or loss? Should this be entered in schedule D (capital gains) or schedule E since it was rented for part of the time. thanks for any advice.</p></blockquote><p></p>