If I refinance an investment property and pull cash out, is the interest on the new loan still fully deductible under tracing rules?
Understanding Interest Deductibility After Cash-Out Refinancing When you refinance an investment property and extract cash, the tax deductibility of your new loan interest depends on IRS tracing rules that track how you use the borrowed funds. While the original mortgage interest on investment property is typically fully deductible, a cash-out refinance creates a more complex … 더 읽기