@ahling - agree that I don't know why you'd care after 15 years... that stated
1) look at the closing statement from the mortgage closing - it should be on there
2) ask you mortgage servicer to look it up. If you call their 800 number, I suspect they can tell you quite quickly
3) on the other hand, it is unlikely that the HELOC had points. It is certainly possible, but especially in the period leading up to the Financial Crisis, there were few, if any closing costs, on many of these home equity loans.
4) if you closed your HELOAN after 12/15/2007, they are not tax deductible in any event.
5) look at your 2007 tax return.
6) to be tax deductible they must otherwise meet these 6 criteria - and you probably would have taken the deduction back in 2007 in any event.
- Your main home secures your loan (your main home is the one you live in most of the time).
- Paying points is an established business practice in the area where the loan was made.
- The points paid weren't more than the amount generally charged in that area.
- You use the cash method of accounting. This means you report income in the year you receive it and deduct expenses in the year you pay them.
- The points paid weren't for items that are usually listed separately on the settlement sheet such as appraisal fees, inspection fees, title fees, attorney fees, and property taxes.
- The funds you provided at or before closing, including any points the seller paid, were at least as much as the points charged. You can't have borrowed the funds from your lender or mortgage broker in order to pay the points.
(this last one is a 'killer' - often these points are incorporated into the initial draw on the loan, which means you can't deduct it in any event). You would have had to 'cut a check' to the lender for the points to be able to deduct it.
https://www.irs.gov/taxtopics/tc504
