turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

stonerva
New Member

What should I enter?Turbo tax is asking me whether I refinanced my home or have a HELOC. I have a regular Home Equity loan. Which should I enter?

 
1 Best answer

Accepted Solutions

What should I enter?Turbo tax is asking me whether I refinanced my home or have a HELOC. I have a regular Home Equity loan. Which should I enter?

If you have a regular Home Equity Loan you will say yes to the question about the HELOC.  They are treated the same way for tax purposes. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

2 Replies

What should I enter?Turbo tax is asking me whether I refinanced my home or have a HELOC. I have a regular Home Equity loan. Which should I enter?

If you have a regular Home Equity Loan you will say yes to the question about the HELOC.  They are treated the same way for tax purposes. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
stonerva
New Member

What should I enter?Turbo tax is asking me whether I refinanced my home or have a HELOC. I have a regular Home Equity loan. Which should I enter?

Thanks!
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v