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Deductions & credits
You can enter both 1098's separately, with their individual loan origination dates. However, in your case for last year, the way you reported is fine.
The main issue with HELOC's is whether the funds were used to 'buy, build or substantially improve' your home. Often, only part of the funds received qualifies for the interest deduction.
Click this link for more info on Entering HELOC 1098's that may help you going forward.
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‎February 18, 2023
10:49 AM