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Question

Where do I enter interest on a HELOC?

Forum|Forum|6 months ago
March 24, 2026
1 reply
53 views

I have mortgage interest and HELOC interest.

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They both get entered in the 1098 Mortgage interest, Points, Refinancing section. It is the first section in the Deductions & Credits - Your Home section. You can enter multiple mortgages, just click on Add new 1098 to add a second interest source. You can also search for 1098 and use the Jump to 1098 link to be taken to that section.

The IRS lets you deduct your mortgage interest, but only if you itemize deductions. You can't deduct the principal (the borrowed money you're paying back).

Can I deduct my mortgage interest?

Can I deduct interest on a home equity loan or a HELOC?

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