How do I claim interest from home equity line of credit in my federal income tax return?
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How do I claim interest from home equity line of credit in my federal income tax return?
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December 18th, 2009 at 7:12 pm
The mortgage company will send you a Form 1098 (sort of looks like a 1099) that states how much interest you paid throughout the year. Bring it when you get your tax return done and your tax preparer will determine whether or not you can use it.
I work in a tax and accounting firm. Our clients bring us these.
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December 18th, 2009 at 9:59 pm
Use TurboTax. It will ask for everything that you need.
I work in a tax and accounting firm. Our clients bring us these.
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December 19th, 2009 at 1:30 am
It goes on Schedule A, line 10.
I work in a tax and accounting firm. Our clients bring us these.
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