☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 3, 2019 1:38:49 PM

I took out a HELOC in 2018, but never used any money from it. Do I need to write this in my taxes?

0 1 251
1 Best answer
Level 15
Jun 3, 2019 1:38:50 PM

If you have not withdrawn any funds from the HELOC then no interest has been paid.  Nothing to enter on your tax return.

1 Replies
Level 15
Jun 3, 2019 1:38:50 PM

If you have not withdrawn any funds from the HELOC then no interest has been paid.  Nothing to enter on your tax return.