RWS5
Level 2

Deductions & credits

Thank you for the quick reply.

 

The principle amount is not showing as taxable on the Form 1040.

 

The confusion arises with the TurboTax's 'Income Summary' comparing last year to this year's income, which since it includes the principle amount as income, is a far higher amount than the total income (line 9) shown on Form 1040.