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Deductions & credits
Just so I make sure I have the full answer. If the loan is a refinance and cash out the concept remains the same as to the amount of interest that can be deducted since most of the loan was used to refinance the loan and then 40k cash out. The variable % would apply to the 40k cash out portion. I believe this is the correct way to look at it but confirmation would be good. 🙂
‎February 7, 2021
9:55 PM