lz06
Returning Member

Deductions & credits

Thank you!

 

Question on the outstanding principle balance (per turbotax, "If you took out the loan in 2020, please input your original loan balance"). I'm wondering if my original principle balance is the entire construction loan amount (because even though on the loan acquisition date i will have drawn zero, I'm technically still obligated to eventually draw the entire thing)? Or is it just the amount you have drawn as of the acquisition date?