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Deductions & credits
Thanks Mike.
What you wrote clarifies things a bit. My dilemma is that we took out the construction loan in 2020 but did not take a draw on it until after 1/1/202, therefore the reason Box 2 is zero. Can we still deduct the interest on our tax return. I can enter zero on the worksheet just not in the step-by-step section.
‎January 26, 2022
4:37 PM