my take.....

回答: 重贴问题盼解答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! -螺丝螺帽- 给 螺丝螺帽 发送悄悄话 螺丝螺帽 的博客首页 (0 bytes) () 03/14/2012 postreply 10:34:40

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