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