- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
For a refinanced mortgage on a second property, do my payments of that mortgage count towards use of the refinanced money, in addition to property improvements?
I am confused by the rules for a second property that was refinanced and what it takes to qualify for the interest deduction. If i understand the rules correctly, as long as I show that the money I got out of the refinancing has been used for the property, then I can claim all of the interest and property tax. Is that correct? Does paying the mortgage from that money count?
Topics:
‎June 4, 2019
1:10 PM