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Deductions & credits
Thanks. A few additional questions for clarification:
1. The points were only on Loan B.
2. Loan A was closed out on 05 JUN 24, so does that mean I have to count all of JUN in the average for JUN? Can I use days vice months to calculate the average?
3. Loan B was closed out on 17 OCT 24, but I will use all 12 months to calculate the average since Loan B and Loan C are for the primary home, right? Likewise, Loan C was started on 15 OCT 24, but I will use all 12 months to calculate the average since Loan B and Loan C are for the primary home, right?
4. Turbo Tax is asking for loan balance value on 01 JAN 25. For Loan C, a payment was made on 01 JAN 25, so can I use the principal balance after the payment was applied or do I have to go with the balance prior to the payment on the 1st?