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billrath
New Member

Is the balance of a HELOC paid off at the sale of a home deductible?

 
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LeeM
New Member

Is the balance of a HELOC paid off at the sale of a home deductible?

No, since that was money/line of credit you received was tax free, it is not tax deductible when you pay it back.

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1 Reply
LeeM
New Member

Is the balance of a HELOC paid off at the sale of a home deductible?

No, since that was money/line of credit you received was tax free, it is not tax deductible when you pay it back.

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