I purchased my home through one lender in March 2016. In April, my loan was taken over by another lender. I have two Form 1098's (different lenders, one has the monthly PMI I pay and the other has the premium I paid at closing to get a lower monthly PMI rate- from what my mortgage broker told me) Anyway, before receiving the 1098 from the lender who I paid at closing; I started researching how to use this deduction. In Block 5 it has the full amount, but I keep reading that it needs to be divided into 84 months and then multiply by 12 and that's what you can deduct for the next 5 years. Is that correct? Any help is appreciated. Thank you
