We have a fairly large HELOC on our home. Calculating the amount used for substantial home improvements is my least favorite part especially since it's existence goes back quite some way.
Is there some way to see what number I used for my 2023 taxes in TurboTax? I can't locate the spreadsheet I used before. It's much faster to just add the couple times I did it this year than start all over.
Second question: I refinanced that HELOC (to get a larger line) in Feb, 2024. When entering the "older" 1099-INT info, i.e. the one paid off in the refi, (and the amt used for home improvements) do I enter $0 for the balance of that loan on Dec 31, 2024, then take care of whatever used for home improvements against the new loan when I enter the 1099 info for the new/refinance loan?
