Hello!
I am trying to answer the question below while processing my tax return.
When I moved in with my boyfriend earlier this year, he had refinanced the home through the same mortgage company and added me to the loan, and the title to the home. Although he refinanced his home, I didn't. Shall I click no. 2 in my case?
Turbo Tax Question: Is this loan a home equity line of credit or a loan you've ever refinanced?
We need to know a little about the history of this loan to see how much interest you can deduct this year. Learn more
1. Yes, this is a loan I've refinanced or a home equity line of credit (HELOC).
2. No, this is the original loan I used to buy or build my home.
Thank you!
