Hello. In the deductions and credits section of Turbo tax deluxe 2025, it is asking me for information from my Form 1098 about my home equity loan. It wants to know if the loan is a home equity line of credit (HELOC). Since my home equity loan (one time disbursement, fixed payments) is not technically considered a HELOC, should I check the box indicating that “This loan is neither of these?” Thanks!
Yes. Since it is not a HELOC, you would select that it is neither of these.
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