nkpug
New Member

Deductions & credits

I found a similar question and answer online. It seems that using the funds from a HELOC to pay the mortgage payment for the same property that secures the HELOC falls under the "buy" part of "buy, improve or build".  Here's the link:  https://www.justanswer.com/tax/9em9g-i-m-using-home-equity-loans-following-1-paying.html