@AliciaP1 mmm... one last question: I'm trying to figure out the difference between "debt" basis (line 21) and "loan" balance. Is the following correct for your example above?
Loan Balance
Yr 1: $10K
Yr 2: $10K
Yr 3: $15K
Debt Basis:
Yr 1: $0
Yr 2: -$7K
Yr 3: $0?
