my take.....

回答: 重貼問題盼解答st3692012-03-13 19:51:42

as I am not a tax professional, so don't quote me...

there are 2 ways, cash out against primary home or HELOC against primary home.

1. if you do cash out refi, closing should go to itemized deduction, interest should also go with primary home.

2. if you do HELOC, closing should go to itemized deduction, then claim interest against rent income.

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I think we are belong to #1. That was my understanding.Thanks! -螺絲螺帽- 給 螺絲螺帽 發送悄悄話 螺絲螺帽 的博客首頁 (0 bytes) () 03/14/2012 postreply 10:34:40

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