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Deductions & credits
@DaveF1006 The Average of First and Last Balance method described on page 13 of pub 936 only applies if you don't prepay more than 1 month's principal during the year. If the extra principle paid by @Stonks was more than one month's worth of principle, the Statements Provided By Your Lender should be used to calculate the average balance.
‎January 16, 2025
1:33 AM