Thank you. So this is my impression as to what I should be doing as well, but I think I've gotten the opposite advice on this same thread which says that since I'm combining two mortgages on two separate properties into one, I should only be using the previous loan amount for my primary residence and not adding to it the 1098 for my second home. I don't really understand how that would be the case since I had two separate principals (each secured by the associated property; first and second home) and then combined them into one (now secured by my primary residence). But I want to be sure I'm not including any mortgage interest that isn't deductible. The new debt is over $375,000, so I think I should be doing the method you listed below with all three 1098s (the original 1098s from each property and the new refinanced loan 1098). Does that sound correct? Is there any reason I should not do this?
