- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Yes. However, if you combined your 1st mortgage and a HELOC, if the HELOC was not 100% used to buy, build or substantially improve your home the the mortgage is secured by, you will need to know the amounts that were used for the home and were not used for the home.
Only the amount that was used for the home is eligible for the mortgage interest deduction.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 3, 2024
1:59 PM