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Cash Out Refinance
I took a cash-out refinance in 2020 and used part of the cash out for home improvement (new doors). Because the loan processing took longer than originally scheduled I needed to borrow the money to pay for the doors and then pay the person back when the refinance came through later.
Would I still be able to deduct the interest on the portion used for home improvement under these circumstances?
‎February 26, 2021
8:18 AM