Solved: Since I refinanced my home to pay my ex-wife for her share of our home, how much of the interest on my new mortgage can I claim as a deduction?
Since I refinanced my home to pay my ex-wife for her share of our home, how much of the interest on my new mortgage can I claim as a deduction?
My wife and I jointly owned our house with a mortgage balance of $40k. When we divorced, I refinanced my mortgage with a new balance of $225k because I had to pay my ex-wife $160k for her share of the house's value (rather than the equity). How much of the interest on my $225k mortgage can I claim as a deduction?
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