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For the question that asks how much of a refi loan was spent essentially towards the home, do I input the principal balance of my original loan that was full paid?
I refinanced my original mortgage in 2017. I secured a $203,300 loan, of which $166,559.23 was intended to pay off my existing mortgage. The rest was to pay off other debt. My previous lender actually applied $164,666.95 towards the remaining principal, and $754.72 towards interest. I don't know what amount to enter in TurboTax for that question that asks how much as been spent towards the home. Thank you for your help!
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‎June 7, 2019
3:28 PM