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Get your taxes done using TurboTax
if there was unpaid interest added to the loan balance, then isn't the figure correct?
I think TT is asking for the balances as it checks to see if you average balance is over $750,000, which is part of the new tax law.
I've been testing myself in TT and I don't see that balances have any impact as long as the balance is below that limit
the key is getting yourself comfortable that the interest related to the loan is properly deducted on Schedule A.
‎February 2, 2019
5:21 AM