Would a mortgage loan refinanced in 2020 of a HELOC and 1st mortgage still be answered as "a refinance of a previous loan" when entering my 1098?

posted

Yes. However, if you combined your 1st mortgage and a HELOC, if the HELOC was not 100% used to buy, build or substantially improve your home the the mortgage is secured by, you will need to know the amounts that were used for the home and were not used for the home.

Only the amount that was used for the home is eligible for the mortgage interest deduction.

Mortgage Refinance

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