Regarding the new mortgage interest rules - if we paid off credit card debt when we refinanced the home, does this need to be excluded from the deduction?

ascrnnm73 · ‎June 1, 2019

JulieR · ‎June 1, 2019

Yes. You can only deduct the portion of the mortgage interest that was used to buy, build, or improve the home. Please see the following TurboTax FAQ about deducting mortgage interest on your return. https://ttlc.intuit.com/replies/3300473

View solution in original post

JulieR · ‎June 1, 2019

Yes. You can only deduct the portion of the mortgage interest that was used to buy, build, or improve the home. Please see the following TurboTax FAQ about deducting mortgage interest on your return. https://ttlc.intuit.com/replies/3300473

Expert does your taxes

Do it yourself

Resources

Support

Regarding the new mortgage interest rules - if we paid off credit card debt when we refinanced the home, does this need to be excluded from the deduction?

Regarding the new mortgage interest rules - if we paid off credit card debt when we refinanced the home, does this need to be excluded from the deduction?

Regarding the new mortgage interest rules - if we paid off credit card debt when we refinanced the home, does this need to be excluded from the deduction?

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

Regarding the new mortgage interest rules - if we paid off credit card debt when we refinanced the home, does this need to be excluded from the deduction?

Do you have an Intuit account?

Regarding the new mortgage interest rules - if we paid off credit card debt when we refinanced the home, does this need to be excluded from the deduction?

Regarding the new mortgage interest rules - if we paid off credit card debt when we refinanced the home, does this need to be excluded from the deduction?

Unlock tailored help options in your account.

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert