I take out a HELOC last year on my primary residence and received a 1098 form. The money was not used to improve my primary residence but for something else. For some reason, TurboTax is still allowing me to deduct the mortgage interest on the HELOC. During the walkthrough of this section, I indicated it was not used to improve my primary residence.
Has anyone else seen this issue in TurboTax? Please advise.
FYI. I did receive a separate 1098 form for the 1st mortgage as well.
Has anyone else seen this issue in TurboTax? Please advise.
FYI. I did receive a separate 1098 form for the 1st mortgage as well.