Cash out refinance when do home improvements need to take place

Started the contract paperwork, but due to COVID won't have project underway until 2022.

Is all refy mortgage interest still deductible?

posted

Assuming the refinance loan is secured by your main home, there is not date the improvements need to take place. The mortgage interest is deductible in full as long as your mortgage loans in total do not exceed $750,000 in debt.

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For mortgage points Turbox Tax is complaining On Schedule E worksheet that Only Tangible personal property is eligible for the Section 179 deduction.

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Cash out refinance when do home improvements need to take place