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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.

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George4Tacks
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George4Tacks
Level 15
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