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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?
‎February 23, 2025
1:53 PM