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Deductions & credits
No. That particular rule wasn't grandfathered. If you have a mortgage secured by home A, the interest is deductible only if it was used to buy, build, or substantially improve home A. If you take out a mortgage on home A in order to buy home B, then it counts as equity debit on home A and is not deductible.
‎June 1, 2019
1:53 PM