Any interest in a foreign-issued insurance contract or annuity with a cash-surrender value.If you’ve ever used part of this loan to pay for things other than this home, you cannot deduct the interest from that amount of the loan, even if the transaction didn’t take. An interest in a foreign trust or estate For tax years 2018 through 2025, you can only deduct the interest from the amount of your loan that was used to buy, build, or improve the home that it’s secured by.An interest in a foreign retirement plan or deferred compensation plan. A partnership interest in a foreign partnership.An option or other derivative instrument with respect to any of these examples or with respect to any currency or commodity that is entered into with a foreign counterparty or issuer.An interest rate swap, currency swap, basis swap, interest rate cap, interest rate floor, commodity swap, equity swap, equity index swap, credit default swap or similar agreement with a foreign counterparty.A note, bond or debenture issued by a foreign person.
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