https://ttlc.intuit.com/community/tax-credits-deductions/discussion/question-on-cash-out-refinance-co-owner-buyout/01/3778205#M360588 <P>I refinanced my primary residence and took out an additional $70,000 in cash to buy out my co-owner’s share of the home. Since those funds were used to acquire full ownership of the same property, is the interest on the entire refinanced mortgage fully tax-deductible as acquisition indebtedness?</P> Sun, 15 Feb 2026 03:30:24 GMT taxnewby101 2026-02-15T03:30:24Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/question-on-cash-out-refinance-co-owner-buyout/01/3778205#M360588 <P>I refinanced my primary residence and took out an additional $70,000 in cash to buy out my co-owner’s share of the home. Since those funds were used to acquire full ownership of the same property, is the interest on the entire refinanced mortgage fully tax-deductible as acquisition indebtedness?</P> Sun, 15 Feb 2026 03:30:24 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/question-on-cash-out-refinance-co-owner-buyout/01/3778205#M360588 taxnewby101 2026-02-15T03:30:24Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-question-on-cash-out-refinance-co-owner-buyout/01/3778226#M360593 <P>If all of the funds from the refinanced loan were used to acquire or improve the residence, then the interest is tax-deductible, subject to dollar limits on total indebtedness and the threshold for itemizing deductions.</P> <P>&nbsp;</P> <P>See <A href="https://turbotax.intuit.com/tax-tips/home-ownership/mortgage-refinance-tax-deductions/L2fzA7hg5" target="_blank">this TurboTax tips article</A> for more information on mortgage refinancing and tax deductions.</P> <P>&nbsp;</P> <P><BR />&nbsp;</P> Sun, 15 Feb 2026 04:04:57 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-question-on-cash-out-refinance-co-owner-buyout/01/3778226#M360593 MonikaK1 2026-02-15T04:04:57Z