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Deductions & credits
Thank you for the reply to my post.
However, I incorrectly described the loan. It is NOT a HELOC loan, it is a HECM (Reverse Mortgage Line of Credit). Does this change things? If so, can I still deduct points, interest, mortgage insurance? Do I check the HELOC box in TurboTax or list in some other way?
March 26, 2021
5:41 AM