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Get your taxes done using TurboTax
I recommend going back through the interview questions regarding your mortgages. There are questions that will split the Form 1098 details and help you report it properly, with the greater amount going to the IT-196.
- From the left menu>Federal>Deductions & Credits>
- at Your Home section, click Show More>
- Mortgage Interest and Refinancing (Form 1098) click Revisit
- Click Edit next to your HELOC>
- Continue through the questions to make sure it is identified as a HELOC>
- at the screen Have you used the money from this loan exclusively on this home? If you click No, the next screen says Let's see how much interest you can deduct this year and you can click Help me figure this out>
- follow through the rest of the questions
‎February 7, 2020
8:00 AM