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Refinance Deduction & Previous Load
Hi,
When entering interest for our mortgage, Turbotax asks for a Mortgage acquisition date, and if Box 11 is blank, to leave it blank (Box 11 is blank).
Several screens later it's asking for details about the loan, and if it's a HELO, or a refinance of a previous loan. Since this was a refinance in 2021, I answered yes to the refinance of a previous loan, but that feels like it should no longer apply for now. Why is this being asked for, and do I still answer it as a refinance of a prior loan? If so, this can go on for the next 7 or 8 years. There were no points to spread out, no cash was taken out for anything else, etc..
Thanks
David
March 13, 2023
4:07 PM