RaifH
Expert Alumni

Deductions & credits

Select No. Since this was refinanced in 2016, it is not the original loan used to purchase the property. Even if you were to refinance the loan again, it still would not be the original loan. The original loan was the one you held back in 2014.

 

The reason TurboTax asks this is because different loan limits apply to different years based on when the loan was originally taken out. Home loans originally taken out prior to December 15, 2017 have a $1 million limit before the deductible interest starts to be limited, whereas home loans after that only have a $750,000 limit.