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What do I input for "Home acquisition debt on date debt was last secured by home"? Input the diff. between what I owed before refinancing & what I owed after refinancing?
I know there is a new law and the other answers are old. I am confused because I read somewhere that home mortgage interest up to $100,000 is deductible even if you don't use the extra money from a refinance for home improvements. Married filing jointly. Using standard deduction for federal but might have enough deductions for state of California, but not sure how to do the mortgage adjustment for California. I don't know what figure to input. Thanks.
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‎June 1, 2019
5:18 PM