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Level 1
June 5, 2019
Solved

Title first loan as deduction

  • June 5, 2019
  • 1 reply
  • 6 views
I have a title  1 loan for water proofing basement. Huge project  that I have claimed last two years, I cannot seem to find where to add it on turbo tax. ( I have paid $1521 in mortgage interest on it for 2016)
Best answer by Marketstar

Enter your loan interest in the following area:

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Deductions and Credits 
  • Click on I'll choose what I work on (if shown)
  • Under Your Home
  • On Mortgage Interest, click on the start or update button

 

1 reply

Level 12
June 5, 2019

Enter your loan interest in the following area:

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Deductions and Credits 
  • Click on I'll choose what I work on (if shown)
  • Under Your Home
  • On Mortgage Interest, click on the start or update button

 

Level 2
February 6, 2021

Did this work for you? I keep having to choose between 

HELOC and original mortgage, but a Title 1 is neither. What do I do?