Got you Susan.. I may have to adjust my previous returns...
Also, I just noticed that every year you would claim less than the previous year because it is 4% for the remaining balance... For example, if it is 100k to begin with, then in the first year I can deduct 400. The next year I can only deduct (10k-400)*4%=384, and the year after will be (10k-400-384)*4%=368.64. Does it sound about right? thanks!
