lsmetanka
New Member

The question did you refinance or get a new mortgage out... we took a home equity loan out in October 2016... is this considered a new mortgage?

 
PaulaM
Expert Alumni

Deductions & credits

Yes, that would be a second loan on your home and you may deduct the interest up to $100,000 of the home equity debt.

Deduct in the Your Home section. Enter it as if you received a 1098 form (you may have received one).

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"