Just confirming as I have a similar situation of a cash out refi back in 2016 that i used to purchase another home. I take the loan balance before the cash out and divide by the new loan amount. so if original refi before cash out was 210,000 and after was 245,000. my portion of Mortgage interest to deduct this year is 210,000/245,000 .. 85.8%? This is the amount I enter in TT if I put in myself? Also once my loan is valued back at 210,000 i no longer do this? I don't know if I did correctly for 2018. Should i amend?
Thanks in advance!
