Is there a difference between mortgage interest and heloc interest?

frankcanneto · ‎June 3, 2019

Tonita · ‎June 3, 2019

There is no difference in regards to reporting interest on your taxes. To enter your HELOC interest:

Go to Federal > Deductions & Credits
Scroll down to the Your Home section and click Start next to Mortgage Interest, Refinancing, and Insurance (Form 1098)
Answer any preliminary questions, and you'll then be asked for the name of your mortgage company. Enter the name and select Continue.
Follow the onscreen instructions to enter the rest of your 1098 info.

Tonita · ‎June 3, 2019

There is no difference in regards to reporting interest on your taxes. To enter your HELOC interest:

Go to Federal > Deductions & Credits
Scroll down to the Your Home section and click Start next to Mortgage Interest, Refinancing, and Insurance (Form 1098)
Answer any preliminary questions, and you'll then be asked for the name of your mortgage company. Enter the name and select Continue.
Follow the onscreen instructions to enter the rest of your 1098 info.