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Deductions & credits
Thank you. I will keep my eye out for it.
On a related matter I'd like a little clarification on some of the prompts and other issues related to this matter.
1) On the "Tell us about hour you've used this loan" page, there is a check box that says "This loan was paid off during 2020". Since my first loan was paid off (I refi'd twice this year), I checked it. Then is says "Since you paid off this loan in 2020, enter the final balance of your loan at the time of pay-off in the filed above for December 31 value. Logically, you should enter zero because it was paid off, but then why the previous statement to enter the final balance?
Would that be the final balance before the loan was paid off?
2) Then it asks, "When did you make your final payment?"
There are 3 possibilities for me this year.
A) The last scheduled regular monthly payment. (11/17/202)
B) The origination date of the next loan (box 3). (12/01/2020)
C) The acquisition date of the next loan (box 11). (12/7/2020)
I have tried every combination and more regarding my problem with the average balance. The initial problem still exists however I slice it (hopefully a fix will solve it), but regardless I would like answer other questions listed above correctly.