Where do I put the interest I paid on my 2017 home equity loan?

smswann1 — Thu, 06 Jun 2019 16:11:20 GMT

Can I include my 2017 home equity loan interest?

Generally, interest paid on equity loans is tax deductibl...

SamiaI — Thu, 06 Jun 2019 16:11:22 GMT

Generally, interest paid on equity loans is tax deductible,To qualify, you must have obtained the loan after Oct 13, 1987 and it must also be secured by your home. For tax purposes, only the balance of the loan that is the smaller of $100,000 or your equity in the home qualifies for the interest deduction.

To record your interest, login and press the "Take me to my return" button

Select the TurboTax "Search" button located near the top right of your screen
Type "1098" into the search box
Select "Jump to 1098" from the results list
Answer the questions on the following screens to record your home equity line of credit

topic Where do I put the interest I paid on my 2017 home equity loan? in Deductions & credits

Where do I put the interest I paid on my 2017 home equity loan?

Generally, interest paid on equity loans is tax deductibl...