2018:Federal:Incomedeductions: Mtg. to Refi. Tell us how much you spent to buy, improve or build the home it is secured by. Does that includes paying off the other loan?

[paulofoakland]

Had a loan,

got a new loan to pay that one off and to finance repairs 

For example Original principal $100,000

New Loan 150,000

Things spent: 100,000 to pay off loan, 25,000 for Floors, 20,000 for roofing

What number to I put in the box? 45,000 or 145,000

[fanfare · Accepted solution]

If in your example, you change Original principal to Outstanding principal $100,000

then enter $145,000