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Updated over 4 years ago,
Tax implications of closing cost of cash out refinance?
I refinanced my residence last year to get cash out to buy an investment property, so I have two closing costs: one for refinancing my residence to get money out, the other for buying the investment property. Could I deduct both closing costs when filing tax since both of them are actual cost I paid to purchase the investment property? (It is totally traceable)
Thanks in advance for ur kind help!