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Deductions & credits
I forgot to ask another one.
1. If Loan A was closed out on 05 JUN, what value do i put in the JUN cell for Loan A?
2. Similar question for Loan B which was closed out on 17 OCT 24. What value do I put in the OCT cell?
Turbo Tax asks to separately input either the remaining principal balance for each loan as of 01 JAN 25 or the remaining principal balance prior to close out. What reference point for time can we use (e.g. start of month, end of month, etc.) for the cells on the table to determine the average for each loan?
‎January 30, 2025
4:45 PM