Hello, can I deduct mortgage interests (form 1098) from a Home Equity Loan we took on what used to be our primary/homestead/main residence (House A) and used ALL the funds to build a new house which we turned into our primary/main residence/homestead (House B) now? We built the new residence and moved into it in less than 8 months. This all happened in 2024 in Texas. I've read several versions on yes and no and thus asking for help and clarification.
Thank you,
Agustin
