turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

If I refinanced my home for a lower interest rate in 2019 do I still keep checking that it's a refinance from a previous loan? We did not take any money out.

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

If I refinanced my home for a lower interest rate in 2019 do I still keep checking that it's a refinance from a previous loan? We did not take any money out.

You refinanced. Doesn’t matter if you didn’t take any money out. 

Carl
Level 15

If I refinanced my home for a lower interest rate in 2019 do I still keep checking that it's a refinance from a previous loan? We did not take any money out.

Do I still keep checking that it's a refinance from a previous loan?

No. You only do that for the tax year the refi occurs, so the program doesn't double-count your mortgage interest payments to each lender and apply the $750K limit if adding both mortgage balances would result in exceeding that.

 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question