What got me confused was the fact that TurboTax neglects to specify "buy" as in pay off the original mortgage which was used 100% to purchase the home. Here is the question as it is in the software "How much of your loan did you use to build, remodel, or repair the property it's secured by?" No mention of buy or payoff so I was terribly confused by this. So, just to be clear, if I refinanced my home for 400k and the payoff was 300k and I used the 100k to pay off debt, buy a vehicle, etc - no home improvements, I would put 300k for an answer?
