Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Client that took out a heloc to put an addition on their home, refied to pay off other debts. How can I give 100% of equity interest + allow % from refi?

jack
Level 1

If a client has 2 mortgage loans and Loan 1 is fully deductible while Loan 2 is only partially deductible, how can I input the interest amounts to reflect the 100% interest added to the portion deductible.  If I use the worksheet it rolls the 2 loans together and give a % deductible of the 2 loans added together.

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Solution

Accepted Solutions
George4Tacks
Level 15
0 Cheers
1 Comment 1
George4Tacks
Level 15
0 Cheers