After entering the 1098 mortgage interest information,
TurboTax asks about the history of this loan.
My current loan is a refinance (one of several over a 30+ year
period). I am unclear how to answer the
next question: "Have you ever pulled cash out from this loan when you
refinanced it?". Does "this
loan" refer only to the current loan or over the entire history of loans
(original purchase and all refinances).
In my case, I had a cash out in one refinance in 2003. When I enter "Yes," I end up paying
more taxes, so it's important to answer this correctly.
