I am confused with the new tax law regarding allowable mortgage interest when refinancing a loan. In 2011, I purchased my home with a loan for $225,000 and cash of $60,000. Since that time, I have refinanced twice taking out cash to pay off debt. As, of the end of 2018, by mortgage loan balance is $223,000 (close to the original loan amount). Can I deduct the entire amount of interest I paid on the loan in 2018?
