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New Member
posted Mar 9, 2025 11:29:18 AM

Is a HELOC considered refinancing?

We obtained a HELOC, and TurboTax is asking if we bought or financed a home. Is the answer yes or no?

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1 Replies
Expert Alumni
Mar 9, 2025 11:32:36 AM

No, a HELOC is not considered refinancing, so you can answer "no" to that question.