Deductions & credits

HI Vanessa,

@Vanessa A 

Thank you, I'm doing itemized deductions - form 1040, and on the home mortgage interest worksheet - I'm not sure if I should select yes or no.

For example - on line C

mortgage 1 - was the one refinanced in 2021, so do i say NO, and then note the outstanding principal?  

mortgage 2 - is my new mortgage that i got a better rate, so do i say NO, and then note the outstanding principal?  

Thanks,

Tammy