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Updated over 2 years ago,
Interest no longer deductible post Refi? Interest Tracing…
Hello Fellow BP investors!
I refinanced a property last year and my accountant now tells me the interest that I pay on the new loan is not tax deductible, due to the 2017 Tax act and new interest tracing rules added.
Has anyone navigated the world of interest tracing and found creative ways to continue to deduct interest on the mortgage after a cash out refi?
Thanks!
Nick