I'm currently remodeling my 1876 home. Some upgrades have been made by just adding new breakers and wiring, but I've come to a room that runs its power through the old knob and tube wiring. I am going to install all new wire, fixtures, etc.
The old knob and tube system also powers the two rooms next to the one I'm currently remodeling. Can I cut the old wire and cap it off with a wire nut and tape until I can remove the remaining live knob and tube wiring in the house?