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tax-deductible mortgage limit after refinance in 2019
I bought a house as primary residence in early 2017 with over 1 million loan. It applies with old limits on mortgage interest deduction at $1,000,000.
In mid 2019, we have refinanced the mortgage in rate-and-term refinance transaction (not cash-out). We receive two 1098 for 2019, for old and new mortgage.
My question is: Are we still eligible for old limit at $1,000,000 after refinance? Thanks!
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‎February 8, 2020
12:33 AM