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Where do I report the interest I paid on a HELOC to get the tax break do I add it in the same area as where I put my Mortgage Interest
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Where do I report the interest I paid on a HELOC to get the tax break do I add it in the same area as where I put my Mortgage Interest
Yes, enter interest paid on your HELOC in the below area:
To enter mortgage interest
- Click on Federal Taxes (Personal using Home and Business)
- Click on Deductions and Credits
- Click on I'll choose what I work on (if shown)
- Under Your Home
- On Mortgage Interest, click on the start or update button