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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)?
March 13, 2022
1:25 PM