chief54
Returning Member

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.