Yes, you can make one entry. Keep the documents with your tax return file so that you can explain in the future should you need to. You should have an amortization schedule or other document from the previous owner who is collecting mortgage interest from you as proof of the interest paid.
The accuracy of the tax return with all allowable deductions is what's important. Both of these payments must be to buy, build or improve the home for the mortgage interest to be deductible.
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