In 2016 I refinanced and obtained a separate HELOC. I used the HELOC 8/2018. What to do if my 1098 shows interested paid, but no starting balance on 1/1/2018?

djmatt_20 — Tue, 04 Jun 2019 22:15:08 GMT

The HELOC mortgage origination date is the same as the refinance date. I received a separate 1098 for the HELOC. How do I record the outstanding balance on 1/1/2018 if it is 0. First time use of this HELOC is mid year 2018.

Yes, you are correct the 1/1/18 balance should be entered...

StacyC — Tue, 04 Jun 2019 22:15:10 GMT

Yes, you are correct the 1/1/18 balance should be entered as $0.

topic In 2016 I refinanced and obtained a separate HELOC. I used the HELOC 8/2018. What to do if my 1098 shows interested paid, but no starting balance on 1/1/2018? in Deductions & credits

In 2016 I refinanced and obtained a separate HELOC. I used the HELOC 8/2018. What to do if my 1098 shows interested paid, but no starting balance on 1/1/2018?

Yes, you are correct the 1/1/18 balance should be entered...