I have an open Home Interest Loan that I use to cover the cost of remodeling my home. The limits are all well under the thresholds stipulated by the IRS. In the Home Mortgage Interest Limitation Smart Worksheet, the calculations recognized that the ending balance was great than the beginning balance and calculated an Average Loan Balance and corresponding acquisition interest expense. I borrowed approximately $4,000 in 2018 against this account to remodel a bathroom, an expense that the IRS appears to allow. How do I enter this amount in line F4 of the HELOC Smart Worksheet?
