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July 16, 2020
Question

The interest paid on our 1098 was for a construction loan. How do we know what the exact balance was as of 1/1/2019?

  • July 16, 2020
  • 2 replies
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2 replies

Employee
August 3, 2020

You would have to check your account balance online or call your bank.

Carl11_2
Employee
August 6, 2020

If you acquired the loan after 1/1/2019, then the balance on 1/1/2019 was ZERO. If acquired before 1/1/2019, you'll have to call the lender for that information if you can't find it in your online access to the loan.