Can I deduct all of my mortgage interest even if I refinanced in 2016 and took some cash for home improvements and some cash for debt consolidation?

[karenfrye99]

I saw an answer in the Turbo Tax forum that said "The interest on up to $100,000 borrowed on a home equity loan or home equity line of credit, regardless of the reason for the loan, can be deducted in the Mortgage Interest section (Home Loan Deduction)."

[rjs]

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