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Deductions & credits
I talked to my CPA and he recommended not to use any tax deduction related to Cashout Refinance. I understand he may not have knowledge in that area, or haven't done it before. Hence looking for some answers here, and finding CPA who can validate or correct my assumptions and take from there. Goal is to get basic education here, and get it validated with CPA. Incase i find disparity, i will report back on this thread.
‎June 21, 2021
11:14 AM