jmicl
Returning Member

Entering info about my Home loan 1098 Form

I am stuck. Please help clarify these questions:

 

Is this the original loan you used to buy your property? NO I refinanced this in 2020 Tax year

Is this loan a home equity line of credit (HELOC) NO

Or a refinance of a previous loan? YES I refinanced this in 2020

So my question is do I say yes? Or NO since this is now 2021 Tax year?

Did you take cash out when you got this loan? YES in 2020

 

Why am I being asked these questions now in 2021 tax year?