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HELOC
Hi!
Hoping to get some help. I opened up a HELOC in 2017 used it for an initial purchase of a house (we are renting and still have) and then paid it off in a month (due to another sale). It's been $0 for 5 or 6 years until I used the HELOC to buy a second home. How do I input this in turbo tax as a loan with interest and taxes for my second home. Do I need to account for the quick time I used it in 2017? Or do I input the date I used it for the second home?
Appreciate any advise you can offer!
‎February 25, 2024
11:43 AM