It goes in the same area as your regular mortgage interest. You will select the small link to Add a Lender to enter it.
To get to that area in
TurboTax:
While inside the
software and working on your return, type home equity loan in
the Search at the top of the screen (you may see a magnifying glass there).
There will be a popup that says Jump to home equity loan.
Select that to get to the general area.
Alternatively,
you can go to:
-
Federal Taxes tab
(Person in the Home & Business version)
- Deductions and
Credits
- Your Home
-
Mortgage
Interest and Refinancing
The interest on up to $100,000 borrowed on a
home equity loan or home equity line of credit, regardless of the reason for
the loan, can be deducted in the
Mortgage Interest section (Home Loan
Deduction).
