SharonD007
Expert Alumni

Deductions & credits

It's asking how much of the money you used from your refinance to improve your home. You can deduct mortgage interest when the loan proceeds are used to buy, build, or improve your main home and one other home you own and use for personal purposes.

 

Refer to the TurboTax article Mortgage Interest Deduction: How Does it Work? for additional information.

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