CLeiner
New Member

Deductions & credits

I am also confused by the instructions and the responses here. 

 

Quoting TurboTax 2021 prompt, "Is this the ORIGINAL loan you used to buy your property?" [Emphasis added.] 

 

The term "original" by definition means "present or existing from the beginning; first or earliest", inferred to mean not ever refinanced.  So, how do I answer this?  I bought my home in 2014;  in 2016, I refinanced the loan; and, I am still paying the 2016 loan in 2022.  When I answer the posed question regarding my 2021 tax filing, do I select Yes (this is my original) or No (this is not my original)?