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lsmetanka
New Member

The question did you refinance or get a new mortgage out... we took a home equity loan out in October 2016... is this considered a new mortgage?

 
1 Reply
PaulaM
Expert Alumni

The question did you refinance or get a new mortgage out... we took a home equity loan out in October 2016... is this considered a new mortgage?

Yes, that would be a second loan on your home and you may deduct the interest up to $100,000 of the home equity debt.

Deduct in the Your Home section. Enter it as if you received a 1098 form (you may have received one).

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