@GSD77
Thank you, If I follow these instructions will TT calculate the deductible portion of my mortgage interest based on beginning and end mortgage balance (old and new loan)? Wouldn't that be skewed to a too high deduction because the refinance (with cash-out) was in Feb. 2020, so only a small portion of the total interest came from a significantly lower loan balance?
In addition, I had $20k in home improvements the new cash out paid for, that occurred within 24 months prior to the feb. 2020 Refinance that I believe I can add to the 100% grandfathered acquisition debt (AD) of the old loan (origination date Nov. 2017) -Where would I add that additional AD?
Thanks so much again for your clear answers.
