We refinanced in 2016 and pulled money out to upgrade our home. Is this now considered our original loan or is it still considered a refinance on tax forms?

[crzycorral]

We refinanced in 2016 and pulled money out to upgrade our home. Is this now considered our original loan on turbotax or is it still considered a refinance even though the refinance was 2.5 years ago?  It's confusing...

[LeeM · Accepted solution]

I would select refinance because there are potentially additional deductions for refinanced homes, even years later if initial costs were spread over the term of the mortgage.