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?
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.
01384
1 Best answer
StacyC
Level 3
Jun 4, 2019 3:15:10 PM
Yes, you are correct the 1/1/18 balance should be entered as $0.
1 Replies
StacyC
Level 3
Jun 4, 2019 3:15:10 PM
Yes, you are correct the 1/1/18 balance should be entered as $0.