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abby9577
New Member

On state return what does EOY Balance mean?

Deductible home mortgage interest wks: Eoy Balance, what does this mean?
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2 Replies
ee-ea
Level 15

On state return what does EOY Balance mean?

EOY = End of Year.

On state return what does EOY Balance mean?

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

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