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Could you please help me post my equity line of credit mortgage interest of 394.11. This is the only financing that I owe

I could not read the answer on your Q&A on where to put my mortgage interest that I paid on my equity line of credit into TurboTax
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Accepted Solutions
jbeasley2
New Member

Could you please help me post my equity line of credit mortgage interest of 394.11. This is the only financing that I owe

Home equity interest, if it is deductible, should be reported on a 1098 and entered into TurboTax in the same place as mortgage interest.

  1. Federal Taxes
  2. Deductions and Credits
  3. Scroll down to Your Home
  4. Mortgage Interest, Refinancing and Insurance (Form 1098)
  5. Start 

You will then be at a screen about Home Loans and TurboTax will take you through the interview process.

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3 Replies
jbeasley2
New Member

Could you please help me post my equity line of credit mortgage interest of 394.11. This is the only financing that I owe

Home equity interest, if it is deductible, should be reported on a 1098 and entered into TurboTax in the same place as mortgage interest.

  1. Federal Taxes
  2. Deductions and Credits
  3. Scroll down to Your Home
  4. Mortgage Interest, Refinancing and Insurance (Form 1098)
  5. Start 

You will then be at a screen about Home Loans and TurboTax will take you through the interview process.

smd617
Returning Member

Could you please help me post my equity line of credit mortgage interest of 394.11. This is the only financing that I owe

I also need to know how to post my line of credit.

I am also having trouble with turbo tax accepting my contributions

MarilynG1
Expert Alumni

Could you please help me post my equity line of credit mortgage interest of 394.11. This is the only financing that I owe

@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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