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Thanks AJ and all..

when you say 'line 8a', I am assuming that (1) you are talking line 8a of Schedule A, and (2) that you itemized deductions, even without this interest


The TCJA substantially limited deductibility for interest on equity loans

bummer, my luck...

What did you do with the money that you borrowed? Unless you used it to make improvements to the home that is collateral for the equity loan, it's not deductible.

Borrowed the money to build my current home... the home that the loan was borrowed against is now sold and the loan is paid off....

So.... I guess you're telling me that even if I amend the return, the interest on the home equity line isn't really - was used to build a new home and not to improve the old one...

As it turns out, I don't remember claiming the proceeds from the home sell, so I guess I probably need to amend the return to address the home sell....

Thanks again to all.... but certainly let me know if you think I need to keep looking into the 1098 issue... ie:consider amending the return..

AND... doing something about reporting the proceeds from the original home sell (was the first home I've ever sold and all the proceeds, plus a bunch) went into the construction of my new/current home...

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