- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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 .
‎February 26, 2025
8:21 AM