mac20coaching
Level 3
04-14-2020
05:16 PM
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Best Answer Click here
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sjrcpa
Level 15
04-14-2020
05:20 PM
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No to acquisition date. No to cost basis unless there are some capitalizable costs incurred with the refinance.
Watch out for increase in balance and cash out. This will affect deductibility of the interest.
The more I know the more I don’t know.
mac20coaching
Level 3
04-14-2020
05:23 PM
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Awesome! Thank for the quick responsse.
sjrcpa
Level 15
04-14-2020
05:26 PM
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You're welcome.
The more I know the more I don’t know.