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Level 1
April 15, 2022
Question

On state return what does EOY Balance mean?

  • April 15, 2022
  • 2 replies
  • 20 views
Deductible home mortgage interest wks: Eoy Balance, what does this mean?

2 replies

Alumni - Champ
April 15, 2022

EOY = End of Year.

Level 5
April 15, 2022

EOY balance is the unpaid principal balance as of 12/31, typically shown in box 2 of the1098 form received from the mortgage holder.