deepimpact
Returning Member

Deductions & credits

Thanks for looking into it!

 

My statements don't specifically mention ending balance of the month, but I can deduce it by subtracting principal I paid each month from the balance I have on my statement (10th of each month) which is also the same for beginning of the month.

 

For the last month do I need to include the pay off date as 0 ending balance? And the should I find the average for the second mortgage as average of full months and average of partial month?

 

For TurboTax I used Deluxe version, I think OOTB it uses average of first and last balance, but that doesn't apply in my case, so I'll edit the calculated interest that can be deducted .