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Refinancing a first and HELOC after new tax law - granfathering rules?
I have a first mortgage of $800,000 and a HELOC of $100,000
All proceeds from the loans were for the acquisition and improvement of the home and were taken out before 2017.
If I refinance the full amount of $900,000, am I still grandfathered to be able to take the full interest deduction, or will the refinance trigger the limitation at $750,000 of debt?
‎June 9, 2019
9:54 AM