Is long term capital gain treatment allowed if the investor holds property more than one year?Is long term capital gain treatment allowed if the investors holds property for more than one year?Can a homeowner refinance and pull out $99K in cash, spend the money as we see fit and still deduct the interest as home loan interest?May 24 2009 - Scottsdale00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.