Is there a difference between mortgage interest and heloc interest?

frankcanneto — Mon, 03 Jun 2019 17:24:15 GMT

There is no difference in regards to reporting interest o...

Tonita — Mon, 03 Jun 2019 17:24:16 GMT

There is no difference in regards to reporting interest on your taxes. To enter your HELOC interest:

Go to Federal > Deductions & Credits
Scroll down to the Your Home section and click Start next to Mortgage Interest, Refinancing, and Insurance (Form 1098)
Answer any preliminary questions, and you'll then be asked for the name of your mortgage company. Enter the name and select Continue.
Follow the onscreen instructions to enter the rest of your 1098 info.