Yes, Ity900301, you will need to include both 1098's and enter both mortgages amounts in each Box 2 of the 1098.To seniorfam, you need to enter an average loan balance between the two homes in the first 1098 and leave the second blank. Read this IRS link and scroll to the area of the publication where it mentions average loan balances. There is a worksheet in the section that will help you determine the value. In fact, you can scroll to the bottom of the publication to the table of contents and then look for average loan balances.
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