Can i deduct interest on this cash back loan?
I’ve read that interest on a cash back loan taken out after 2018 & secured by a primary residence cannot be deducted when itemizing if you don’t use the cash to improve the residence. in 2023 i’ll itemize for the 1st time because i just bought a 2cnd home. i took out a cash back loan in 2014 & used the cash to improve a rent house & not for my residence. Can i deduct the interest, based on the date of the loan?
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