Solved
Can I deduct interest from home equity loan
No text available
Yes, you can. It's deductible as home mortgage interest.
The following home mortgage loans are deductible as home mortgage interest:
- Acquisition debt - mortgage taken out to buy, build or improve your home of up to $1 mln; taken out after Oct 13, 1987
- Home Equity Debt - debt other than acquisition debt up to $100,000; limited to your home's Fair Market Value; taken out after Oct 13, 1987
- Grandfathered Debt - mortgage taken out on or before Oct 13, 1987
- Federal Taxes
- Deductions & Credits,
- Scroll down to Your Home, select Mortgage Interest and Refinancing
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2022 Intuit, Inc. All rights reserved.
Intuit,
QuickBooks, QB, TurboTax, ProConnect, and Mint are registered
trademarks
of Intuit Inc. Terms and conditions, features, support, pricing,
and service options
subject to change without notice.
Security
Certification of the TurboTax Online application has been
performed by
C-Level Security.
By accessing and using this page you
agree to the
Terms of Use.
Accessibility
