Refinanced my home in 2018. Loan was for $400,000. Had $270,000 in equity. Took out $130,000 in cash and fees to pay other debt.
What value do I put into TurboTax where it asks "Since you first took out this loan, how much has been spent to buy, improve, or build the home it's secured by?" I would think I would put in the $270,000 but not certain. TurboTax is giving me the standard deduction and it doesn't seem correct. At least some of the $17,000 in mortgage interest should be getting applied. Showing as $0 in the end summary.
