vktt
Level 1

Mortgage interest deduction buying and selling primary homes

1. Bought a condo in Sep 2021 with $361k of original mortgage amount

2. Bought a SFH in Dec 2023 with a mortgage of $535k

3. Moved into SFH in Jan 2024 and put the condo on the market for sale in Feb 2024, which eventually sold in June 2024 (loan balance was about $340k)

4. Refinanced SFH mortgage in Oct by adding $140k to the balance (so the loan amount was $435k)

 

Question: Can I deduct interest on the condo from Jan - June 2024 and SFH for the whole year?