OK, just wondered if anyone knew anything about this. Currently have a mortgage in The DR with a Dominican bank. Wondering if this interest can be deductible here in US. Normally the interest paid on a second home can be deducted on your taxes. As far as I know there's no rule as to where this second residence has to be. The issue as I see it is that the DR bank is not going to provide the US with a 1098 form, they have no federal tax ID that I know of, etc...but it seems like The US government would try to get some of that interest. If anyone knows i would appreciate any insight on this.