turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Event: Ask the Experts about your refund > RSVP NOW!
Close icon
Do you have a TurboTax Online account?

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

iysc
Returning Member

Tax Year Prior to 2020: Home Equity refinaced Mortgage

I had refinanced Home Equity Line of Credit Loan with a regular Mortgage Loan in 2018 and paid off Home Equilty Line of Credit loan with mortgage loan.  Is the interest I had paid on that mortgage loan tax deductible for 2018 tax year? (This mortgage loan was not used to purchase or repair the house) 

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Tax Year Prior to 2020: Home Equity refinaced Mortgage

not enough detail provided ; suggest using Turbo Tax step x step and the questions they ask will get you to the right answer.  Need to know dates of the mortgages, size of the mortgages, etc. 

KarenL
Employee Tax Expert

Tax Year Prior to 2020: Home Equity refinaced Mortgage

Unfortunately, for 2018, only home mortgage interest to buy, build, or improve your home is deductible on your federal return.  Then, it is only deductible if the total mortgages do not exceed $750,000.  However, it still may be deductible for some states.  Please make sure to follow the questions in the software and review your state deductions as well.

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

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies