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After you file
Fees associated with HELOCs or refinancing the mortgage on your primary residence are NOT deductible. The IRS gives you the ability to write off $250,000 in profit when you sell your home but you don't get to deduct much while you own it.
You do get to deduct the interest on your primary residential mortgage, and probably on your HELOC. You're going to enter your HELOC into a separate entry under the Mortgage Interest section in deductions and credits.
It will ask you questions about the 1098 that you received and that will help TurboTax determine whether you HELOC is deductible at all.
Here is some more information.
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‎February 16, 2022
6:01 PM