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Deductions & credits
Condolences on the loss of your husband.
Yes, you may report the interest paid on a home equity line of credit, if the loan was secured by your personal residence. This interest is reported Schedule A as an itemized deduction.
To
find this section in TurboTax, open your return, then go to My Account >> Tools >> Topic Search.
Type in "itemized deductions",
then click the topic in the list and GO to go directly to the start of this
section. Select "I'll choose what I work on." On the Deductions &
Credits page, click Start beside "Mortgage Interest" under Your Home.
Follow the prompts to enter the interest you paid on the HELOC.
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‎June 3, 2019
12:10 PM