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April 8, 2024
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?

  • April 8, 2024
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DaveF1006
April 8, 2024

To clarify, what type of a loan is this?

 

@erivest27-gmail- 

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April 8, 2024

Home equity line of credit

April 8, 2024

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.