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When a homeowner refinance and get cash out from his

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Question : When a homeowner refinance and get cash out from his resident to buy income property, IRS allows interest deduction from the cash out refinance? Thanks. <br /><br /> Answer : <p>Dear Customer,</p><p>Part I.</p><p>No, mortgage interest is deductible under Schedule A home mortgage loan interest only if the principal is used on the house.</p><p><strong><a […]

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