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Home equity interest, if it is deductible, should be reported on a 1098 and entered into TurboTax in the same place as mortgage interest.
You will then be at a screen about Home Loans and TurboTax will take you through the interview process.
Home equity interest, if it is deductible, should be reported on a 1098 and entered into TurboTax in the same place as mortgage interest.
You will then be at a screen about Home Loans and TurboTax will take you through the interview process.
I also need to know how to post my line of credit.
I am also having trouble with turbo tax accepting my contributions
@smd617 Click this link for info on How to Enter HELOC Interest.
Remember that this interest is only deductible if the loan was used to 'build, buy or improve your main home'.
This link has more info on Deductible Mortgage Interest.
Click this link for instructions on How to Enter Charitable Donations.
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