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Deductions & credits
If I use zeros for all the subsequent loans (or leave the box blank ) then the program works exactly as it should. Only the loan that was in force on 1/1/2020 needs to have the outstanding balance as of 1/1 listed since it was the only active loan on that date. All the following changes that produced a 1098 during the tax year did not have an outstanding balance as of 1/1/2020.
‎February 15, 2021
10:19 AM