@RaifH -- would you use the individual average monthly balance calculations for each 1098 entry re: Outstanding Mortgage Principal? For example, in your scenario, Home 1 had an average monthly balance of ~$375K. It looks like Home 2 would have an average monthly balance of ~ $1.38M. If I'm understanding your explanation, the average monthly balance for the year would be $1.755M ($375k + $1.38M).
When I enter the 1098 for Home 1, would I put $375k as the Outstanding Mortgage Principal or would I put $1.755M? Same question for Home 2 -- would I put $1.38M or $1.755M?
Thanks in advance for any assistance!
