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1098 Mortgage Interest ReFi With Cash Out
My 2020 1098 is based on a refi loan from sept/2019 where all the cash out was not used for the home. How long is the interest not deductible? For each tax year moving forward? For tax year 2019 I did not consider any mortgage interest for deduction. This now must be the same for 2020 and for the life of this existing refi based loan? Thanks.
‎February 11, 2021
1:31 PM