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jillyserrao
Returning Member

CA state return is asking for "date debt was last secured by home" . What does this mean?

 
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MichaelMc
New Member

CA state return is asking for "date debt was last secured by home" . What does this mean?

Debt on date last secured refers to the loan amount on the date that you most recently signed the papers for the loan (mortgage or deed of trust, promissory note). This may be the date on which you actually purchased your home, or a later date if you have refinanced your mortgage loan.

CA state return is asking for "date debt was last secured by home" . What does this mean?

Yes, very confusing issue that should be defined by TT. According to TT Advantaga CPA, use the Net Total Value on the Secured Property Tax Bill.

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