topic Can I take full deduction for a mortgage refinance were we pulled money out to purchase property for a new home, this was done prior to the change of the tax law of 2017 in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-i-take-full-deduction-for-a-mortgage-refinance-were-we-pulled-money-out-to-purchase-property-for/01/255304#M31692 Sat, 01 Jun 2019 20:53:00 GMT cop2go 2019-06-01T20:53:00Z Can I take full deduction for a mortgage refinance were we pulled money out to purchase property for a new home, this was done prior to the change of the tax law of 2017 https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-i-take-full-deduction-for-a-mortgage-refinance-were-we-pulled-money-out-to-purchase-property-for/01/255304#M31692 Sat, 01 Jun 2019 20:53:00 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-i-take-full-deduction-for-a-mortgage-refinance-were-we-pulled-money-out-to-purchase-property-for/01/255304#M31692 cop2go 2019-06-01T20:53:00Z No.  That particular rule wasn't grandfathered.  If you h... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-that-particular-rule-wasn-t-grandfathered-if-you-h/01/255307#M31693 <P>No. &nbsp;That particular rule wasn't grandfathered. &nbsp;If you have a mortgage secured by home A, the interest is deductible only if it was used to buy, build, or substantially improve home A. &nbsp;If you take out a mortgage on home A in order to buy home B, then it counts as equity debit on home A and is not deductible.&nbsp;</P> Sat, 01 Jun 2019 20:53:01 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-that-particular-rule-wasn-t-grandfathered-if-you-h/01/255307#M31693 Opus 17 2019-06-01T20:53:01Z