If refinanced in 2017, for 2018 is mortgage interest from Original or Refinanced mortgage? If using cash balance in 2019 on home, can you enter total cash out?

kaneshirog · ‎June 4, 2019

Vanessa · ‎June 4, 2019

If you refinanced in 2017 then the mortgage interest in 2018 is from the Refinanced mortgage. If you took cash out in 2017, then the interest will be prorated based on the balance. You will need to enter the balance that is NOT part of the cash out as you walk through the questions.

There are no grandfathered mortgages for the purpose of including cash out in the interest deductions

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If refinanced in 2017, for 2018 is mortgage interest from Original or Refinanced mortgage? If using cash balance in 2019 on home, can you enter total cash out?