I have study the IRS publications, but all I can find is the fact pre-1987 debt is grandfathered. Could a person place me to something "official" from your IRS which confirms that I can fully deduct fascination on my 2019 refi?
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Not an individual a type of web-sites details me at anything from your IRS which agrees with them. Almost nothing in my 1098 mentions that it is a refi from the 2017 property finance loan.
BTW, it's not settled legislation but what happens In the event your first grandfathered house loan was more than $750,000 and you then re-fi it and acquire dollars out. The tax attorney I consulted mentioned that it may well find yourself that you drop the grandfathering by click here doing hard cash-out, but much more likely that only the original quantity is grandfathered.