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My daughter bought a house for 200K and got a 80% mortgage. She has now done a total remodel for an additional 150K and wants to refinance to cover the remodel costs as well as the original mortgage. She has not moved into the house yet. My research shows she can deduct the interest on the refinance as long as the loan is completed within 90 days after the remodel is completed. Does this sound correct???? Thanks......
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