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How to enter interest itemization from Equity Credit Line Towards home purchase downpayment which is tax deductible
Hi I bought a condo in july 2024 paying for the downpaymentsolelyby borrowing from an liquidity access line.
How do I enter this deduction inside Turbotax. The deductible interest is from interest paid on a downpayment borrowed against stocks (credit line) which was used for a home purchase downpayment.
The credit line has 8.9% interest and the amount borrowed is ~200k
‎July 21, 2024
8:32 AM