@thejademoon wrote:
Even if I have not spent it at all? I thought you only claim if you use the Home Equity Loan on improving your home equity? I can't show anything for the interest because I have not spent anything yet. I will in 2024, but I did not spend anything in 2023 even though I have paid 6 months worth of interest since I closed on it.
It's not deductible interest, but you must list the loan, and answer questions about how much (if any) you spent on improvements. See my other answer.
