I had a cash out refinance in 2021 and placed the money into my savings for future home repairs, etc.
1. Can I claim the entire amount of interest that's listed on my 1098 from that refi on my taxes? Because I am having an issue with some of the Turbo tax questions.
2. For example, when it asks if I took cash out on the refi? I answered yes,
How do I answer the next question "have I used the money from this loan exclusively on this home, which includes the lifespan of the loan, etc.? If I answer no, I don't get to claim all of my mortgage interest paid.
Please let me know.
