If I refinance & get cash back, can I itemize & deduct the interest?
In 2015 I refinanced my homestead & got cash back. I used 20% of the cash to make capital improvements to a rent house & 80% to repair the rent house. In 2022 I bought a second home for recreational purposes with a new loan. On my tax return can I itemize & deduct any of the interest from these 2 home loans?
This Question Has Not Yet Been Answered.
