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erivest27-gmail-

Question

I would like to use the interest rate on my loan to adjust the cost basis for investment interest. How do I enter this into TurboTax?

Forum|Forum|2 years ago
April 8, 2024
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TurboTax Deluxe Online

To clarify, what type of a loan is this?

@erivest27-gmail-

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erivest27-gmail-Author

Home equity line of credit

what was the HELOC used for? There are rules for tracing the use of loan proceeds, the interest rate should have no effect if the interest is deductible as investment interest. all that matters is the amount paid.